If the cost price of an article is Rs. 300 and it is sold at a profit of 20%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 300 and it is sold at a profit of 20%, what is the selling price?

A. Rs. 370

B. Rs. 350

C. Rs. 360

D. Rs. 340

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 300 * 1.20 = 360.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a watch for Rs. 990, gaining 10%. Find the cost price.

A. Rs. 900

B. Rs. 920

C. Rs. 880

D. Rs. 950

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Correct Answer: Option A

Explanation:
CP = 990 / 1.10 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper gives a discount of 20% on an article marked at Rs. 400. What is the selling price?

A. Rs. 320

B. Rs. 340

C. Rs. 360

D. Rs. 300

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Correct Answer: Option A

Explanation:
SP = 400*0.8 = 320.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

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