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. 675

B. Rs. 660

C. Rs. 700

D. Rs. 650

Answer: Option A

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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A trader gives a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 564.71

B. Rs. 550

C. Rs. 540

D. Rs. 580

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Correct Answer: Option A

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an item for Rs. 600, gaining 20%. What is the cost price?

A. Rs. 480

B. Rs. 550

C. Rs. 500

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 600 / 1.20 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.

A. Rs. 420

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
CP = 420/1.05 = 400.

This question belongs to: Maths Profit And Loss

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