If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

Question

Share Report Error

If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 280

B. Rs. 295

C. Rs. 290

D. Rs. 285

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 5% of 300 = 15, SP = 300-15=285.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader marks his goods 65% above cost and gives a discount of 30%. What is his profit percent?

A. 15.5%

B. 12%

C. 18%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.

A. 32%

B. 28.5%

C. 30.68%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.

This question belongs to: Maths Profit And Loss