If the cost price of an article is Rs. 720 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. 720 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 900

B. Rs. 920

C. Rs. 880

D. Rs. 850

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 720 * 1.25 = 900.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an item at a profit of 15%. If the cost price is Rs. 200, what is the selling price?

A. Rs. 225

B. Rs. 230

C. Rs. 240

D. Rs. 235

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Correct Answer: Option B

Explanation:
SP = 200*1.15 = 230.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 115%

B. 130%

C. 230%

D. 30%

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Correct Answer: Option B

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a 20% discount on the marked price and still makes a 20% profit. What is the ratio of the marked price to the cost price?

A. 3:2

B. 4:3

C. 5:4

D. 2:1

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Correct Answer: Option A

Explanation:
Marked Price * 0.80 = Cost Price * 1.20. Marked Price / Cost Price = 1.20 / 0.80 = 1.5 = 3/2. Ratio is 3:2.

This question belongs to: Maths Profit And Loss

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