The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit? MCQ with Answer and Explanation

Question

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?

A. Rs. 2500

B. Rs. 2000

C. Rs. 2200

D. Rs. 2400

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss

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Question #1

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A table is sold for Rs. 450 at a loss of 10%. What is the cost price of the table?

A. Rs. 520

B. Rs. 500

C. Rs. 490

D. Rs. 480

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Correct Answer: Option B

Explanation:
Selling Price = 450. Loss = 10%. Cost Price = 450 / 0.90 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?

A. 30%

B. 33%

C. 32%

D. 35%

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Correct Answer: Option C

Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.

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Question #3

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A man sold two articles for Rs. 600 each. On one he gains 20% and on the other he loses 20%. What is his overall loss or gain percent?

A. No profit no loss

B. Loss 4%

C. Gain 4%

D. Loss 2%

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Correct Answer: Option B

Explanation:
CP1 = 600/1.2 = 500, CP2 = 600/0.8 = 750, total CP = 1250, total SP = 1200, loss = 50, loss% = (50/1250)*100 = 4%.

This question belongs to: Maths Profit And Loss

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