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. 483

B. Rs. 470

C. Rs. 500

D. Rs. 490

Answer: Option A

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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If the selling price of an article is doubled, the profit becomes three times. Find the original profit percent.

A. 75%

B. 66.67%

C. 50%

D. 100%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%?

A. Rs. 250

B. Rs. 240

C. Rs. 280

D. Rs. 260

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Correct Answer: Option B

Explanation:
SP1 = 1.2 CP => CP = 360/1.2 = 300. Loss 20% => SP = 300*0.8 = 240.

This question belongs to: Maths Profit And Loss

Question #3

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By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price?

A. Rs. 2700

B. Rs. 2800

C. Rs. 2600

D. Rs. 2750

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Correct Answer: Option A

Explanation:
Cost Price = (2850 / 114) * 100 = Rs. 2500. New Selling Price at 8% profit = 2500 * 1.08 = Rs. 2700.

This question belongs to: Maths Profit And Loss

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