If the cost price of an item is Rs. 560 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. 560 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 640

B. Rs. 660

C. Rs. 644

D. Rs. 650

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 560*1.15 = 644.

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. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 10%

B. 15%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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The selling price of an article is 8/5 times its cost price. Find the profit percentage.

A. 50%

B. 75%

C. 60%

D. 40%

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Correct Answer: Option C

Explanation:
Selling Price = (8/5) * Cost Price. Selling Price / Cost Price = 1.6. Profit = 0.6 of Cost Price. Profit percentage = 60%.

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Question #3

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If the selling price of an article is Rs. 450, there is a loss of 10%. What is the cost price?

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 460

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Correct Answer: Option C

Explanation:
CP = 450/0.9 = 500.

This question belongs to: Maths Profit And Loss

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