If the cost price of an article is Rs. 480 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. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 560

B. Rs. 550

C. Rs. 552

D. Rs. 540

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 480 * 1.15 = 552.

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. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 18%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A dishonest grocer claims to sell his goods at a 10% profit but uses a weight of 800 grams instead of 1 kg. What is his actual profit percentage?

A. 30%

B. 37.5%

C. 35%

D. 40%

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Correct Answer: Option B

Explanation:
Cost Price of 800g = Rs. 800. Selling Price for 1000g claimed at 10% profit = Rs. 1100. Profit = 1100 - 800 = 300. Actual profit percentage = (300 / 800) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 600

D. Rs. 580

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Correct Answer: Option C

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

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