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. 1035

B. Rs. 1050

C. Rs. 1020

D. Rs. 1000

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 410

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent.

A. 33.33%

B. 50%

C. 40%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 3 = 3, SP of 2 = 3 => SP of 1 = 3/2 = 1.5, gain = 50%.

This question belongs to: Maths Profit And Loss

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