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. 420

B. Rs. 414

C. Rs. 430

D. Rs. 400

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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A shopkeeper sells a shirt for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 640

B. Rs. 560

C. Rs. 600

D. Rs. 680

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Correct Answer: Option C

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought a table for Rs. 1200 and sold it for Rs. 1440. What is the gain percent?

A. 18%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 240, gain% = 240/1200*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?

A. Rs. 18000

B. Rs. 15000

C. Rs. 20000

D. Rs. 16000

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Correct Answer: Option A

Explanation:
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.

This question belongs to: Maths Profit And Loss

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