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

Question

Share Report Error

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. 322

B. Rs. 318

C. Rs. 325

D. Rs. 330

Answer: Option A

Solution (By JKSSB Mock Tests)

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

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

If the cost price of 10 articles is equal to the selling price of 9 articles, find the gain percent.

A. 10%

B. 12%

C. 15%

D. 11.11%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man buys an article at a 20% discount on its marked price and sells it at its marked price. What is his profit percentage?

A. 30%

B. 25%

C. 33.33%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let Marked Price = 100. Cost Price = 80. Selling Price = 100. Profit = 20. Profit percentage = (20 / 80) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A dealer sells a book for Rs. 330, losing 12%. Find the cost price.

A. Rs. 350

B. Rs. 385

C. Rs. 360

D. Rs. 375

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 88% of CP => CP = 330 / 0.88 = 375.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs