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. 1000

B. Rs. 1050

C. Rs. 1020

D. Rs. 1035

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold for Rs. 1020, resulting in a 20% loss. Find the cost price.

A. Rs. 1275

B. Rs. 1250

C. Rs. 1200

D. Rs. 1300

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Correct Answer: Option A

Explanation:
80% of CP = 1020. CP = 1020 / 0.8 = Rs. 1275.

This question belongs to: Maths Profit And Loss

Question #2

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Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi.

A. Rs. 1200

B. Rs. 1100

C. Rs. 1000

D. Rs. 900

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Correct Answer: Option C

Explanation:
Let Ravi's Cost Price = X. X * 1.10 * 1.20 = 1320. 1.32X = 1320. X = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A man bought a shirt for Rs. 450 and sold it for Rs. 540. What is the gain percentage?

A. 30%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 90, gain% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

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