If the cost price of an article is Rs. 350 and it is sold at a loss of 8%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 350 and it is sold at a loss of 8%, what is the selling price?

A. Rs. 325

B. Rs. 322

C. Rs. 330

D. Rs. 318

Answer: Option B

Solution (By JKSSB Mock Tests)

Loss = 8% of 350 = 28, SP = 350 - 28 = 322.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 280

B. Rs. 275

C. Rs. 285

D. Rs. 290

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Correct Answer: Option A

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 900

B. Rs. 950

C. Rs. 850

D. Rs. 1000

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Correct Answer: Option A

Explanation:
SP = 1200 * 0.75 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 1080 and the loss is 20%, find the cost price.

A. Rs. 1400

B. Rs. 1250

C. Rs. 1350

D. Rs. 1300

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 1080 / 0.8 = 1350.

This question belongs to: Maths Profit And Loss

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