If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 650

B. Rs. 660

C. Rs. 675

D. Rs. 700

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 540 * 1.25 = 675.

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. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 420

B. Rs. 380

C. Rs. 350

D. Rs. 400

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Correct Answer: Option D

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage?

A. 19%

B. 25%

C. 21%

D. 18%

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Correct Answer: Option A

Explanation:
Let CP = 100. Marked Price (MP) = 140. Discount = 15% of 140 = 21. Selling Price (SP) = 140 - 21 = 119. Profit % = ((119 - 100) / 100) * 100 = 19%.

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Question #3

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If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 390

B. Rs. 410

C. Rs. 400

D. Rs. 380

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Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

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