If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 490

B. Rs. 483

C. Rs. 470

D. Rs. 500

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent?

A. 15%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 125, SP = 125*0.88 = 110, profit = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?

A. Rs. 51.60

B. Rs. 50.40

C. Rs. 54.00

D. Rs. 52.80

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Correct Answer: Option D

Explanation:
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.

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Question #3

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A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 240

B. Rs. 210

C. Rs. 230

D. Rs. 220

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Correct Answer: Option D

Explanation:
CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

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