A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price? MCQ with Answer and Explanation

A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1620

B. Rs. 1720

C. Rs. 1580

D. Rs. 1680

Answer: Option D

SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A shopkeeper buys a product for Rs. 360 and sells it for Rs. 432. What is the profit percentage?

A. 18%

B. 20%

C. 25%

D. 15%

Correct Answer: Option B

Explanation:
Profit = 72, profit% = 72/360*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 420

B. Rs. 380

C. Rs. 440

D. Rs. 400

Correct Answer: Option D

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A merchant buys a calculator for Rs. 800 and sells it for Rs. 1000. What is his profit percentage?

A. 25%

B. 22.5%

C. 20%

D. 30%

Correct Answer: Option A

Explanation:
Profit = Selling Price - Cost Price = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss