If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 437

B. Rs. 440

C. Rs. 445

D. Rs. 430

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 560 and it is sold at a profit of 12.5%, what is the selling price?

A. Rs. 640

B. Rs. 650

C. Rs. 620

D. Rs. 630

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Correct Answer: Option D

Explanation:
SP = 560 * 1.125 = 630.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a TV for Rs. 15000, making a profit of 20%. Find the cost price.

A. Rs. 13000

B. Rs. 12000

C. Rs. 14000

D. Rs. 12500

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Correct Answer: Option D

Explanation:
CP = 15000/1.2 = 12500.

This question belongs to: Maths Profit And Loss

Question #3

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A fruit seller buys lemons at 4 for Rs. 5 and sells them at 5 for Rs. 8. Find his profit percentage.

A. 25%

B. 28%

C. 30%

D. 32%

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Correct Answer: Option B

Explanation:
Cost Price of 1 lemon = 5 / 4 = 1.25. Selling Price of 1 lemon = 8 / 5 = 1.60. Profit = 1.60 - 1.25 = 0.35. Profit percentage = (0.35 / 1.25) * 100 = 28%.

This question belongs to: Maths Profit And Loss

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