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

Question

Share Report Error

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

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

A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 10%

B. 15%

C. 12%

D. 8.75%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper sells a product for Rs. 855, gaining 12.5%. Find the cost price.

A. Rs. 740

B. Rs. 780

C. Rs. 800

D. Rs. 760

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If a person sells an item for Rs. 420, he loses 16%. What is the cost price?

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 450

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs