The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

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The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 370

B. Rs. 385

C. Rs. 390

D. Rs. 380

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 450

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Correct Answer: Option C

Explanation:
SP = 75% of CP => CP = 375 / 0.75 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 70, profit% = 70/350*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 670

B. Rs. 681.82

C. Rs. 660

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

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