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. 640

B. Rs. 620

C. Rs. 650

D. Rs. 630

Answer: Option D

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 the selling price of an article is Rs. 1080 and the loss is 20%, find the cost price.

A. Rs. 1300

B. Rs. 1350

C. Rs. 1250

D. Rs. 1400

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 1080 / 0.8 = 1350.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a watch for Rs. 1200 and sells it for Rs. 1500. What is his profit percentage?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option A

Explanation:
Profit = SP - CP = 1500 - 1200 = 300. Profit % = (Profit / CP) * 100 = (300 / 1200) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 15%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

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