If the cost price of an item is Rs. 360 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 item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 430

B. Rs. 414

C. Rs. 400

D. Rs. 420

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 7 articles is equal to the selling price of 6 articles, find the gain percent.

A. 15%

B. 20%

C. 12%

D. 16.67%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 6 = 7 => SP of 1 = 7/6 = 1.1667, gain = 16.67%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 385

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer buys an article for Rs. 600 and sells it at a profit of 15%. What is the selling price?

A. Rs. 690

B. Rs. 670

C. Rs. 700

D. Rs. 680

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Correct Answer: Option A

Explanation:
SP = 600 + 15% of 600 = 600 + 90 = 690.

This question belongs to: Maths Profit And Loss

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