If the cost price of an article is Rs. 900 and it is sold at a profit of 15%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 900 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 1050

B. Rs. 1020

C. Rs. 1035

D. Rs. 1000

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. Detailed explanation will be updated soon.

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. 600 and the selling price is Rs. 540, what is the loss percentage?

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option A

Explanation:
Loss = 60, loss% = 60/600*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A TV is sold for Rs. 14400 at a loss of 10%. To gain 10%, at what price should it be sold?

A. Rs. 18000

B. Rs. 17600

C. Rs. 16000

D. Rs. 17200

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Correct Answer: Option B

Explanation:
0.9 * CP = 14400. CP = 16000. For 10% gain, SP = 1.1 * 16000 = Rs. 17600.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 210 and the loss is 16.67%, find the cost price.

A. Rs. 250

B. Rs. 252

C. Rs. 260

D. Rs. 240

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Correct Answer: Option B

Explanation:
SP = 83.33% of CP => CP = 210 / 0.8333 ≈ 252.

This question belongs to: Maths Profit And Loss

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