The profit earned by selling an article for Rs. 1630 is the same as the loss incurred by selling it for Rs. 1320. At what price should it be sold to earn a 20% profit? MCQ with Answer and Explanation

Question

The profit earned by selling an article for Rs. 1630 is the same as the loss incurred by selling it for Rs. 1320. At what price should it be sold to earn a 20% profit?

A. Rs. 1770

B. Rs. 1800

C. Rs. 1850

D. Rs. 1750

Answer: Option A

Solution (By JKSSB Mock Tests)

Cost Price = (1630 + 1320) / 2 = 2950 / 2 = 1475. Desired Selling Price = 1475 * 1.20 = 1770.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price.

A. Rs. 733.33

B. Rs. 700

C. Rs. 750

D. Rs. 720

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #2

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Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 920

B. Rs. 900

C. Rs. 940

D. Rs. 950

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Correct Answer: Option A

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.

A. Rs. 750

B. Rs. 720

C. Rs. 733.33

D. Rs. 700

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Correct Answer: Option C

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

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