If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 400

B. Rs. 420

C. Rs. 350

D. Rs. 380

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a product for Rs. 360 and sells it for Rs. 432. What is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 72, profit% = 72/360*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1000

B. Rs. 1200

C. Rs. 1300

D. Rs. 1100

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Correct Answer: Option B

Explanation:
SP = 600*1.2 = 720. MP = 720 / 0.6 = 1200.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.

A. Rs. 720

B. Rs. 750

C. Rs. 700

D. Rs. 733.33

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

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