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? MCQ with Answer and Explanation

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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. 630

B. Rs. 640

C. Rs. 650

D. Rs. 620

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 560 * 1.125 = 630.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. Rs. 450

B. Rs. 500

C. Rs. 520

D. Rs. 480

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Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price.

A. Rs. 780

B. Rs. 850

C. Rs. 800

D. Rs. 750

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Correct Answer: Option C

Explanation:
SP = 75% of CP => CP = 600 / 0.75 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. 6.25% loss

B. No profit no loss

C. 5% loss

D. 6.25% profit

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Correct Answer: Option A

Explanation:
When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

This question belongs to: Maths Profit And Loss

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