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. 360

B. Rs. 350

C. Rs. 340

D. Rs. 370

Answer: Option A

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 mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 9600

B. Rs. 10400

C. Rs. 9000

D. Rs. 10000

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of 12 articles is equal to the selling price of 9 articles. Find the gain percent.

A. 30%

B. 25%

C. 33.33%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.

This question belongs to: Maths Profit And Loss

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