If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price? MCQ with Answer and Explanation

If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 400

B. Rs. 414

C. Rs. 420

D. Rs. 430

Answer: Option B

SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent.

A. 12.5%

B. 14.28%

C. 20%

D. 15%

Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 7 = 8 => SP of 1 = 8/7 = 1.1428, gain = 14.28%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

The difference between selling an article at a profit of 8% and a loss of 4% is Rs. 108. Find the cost price.

A. Rs. 900

B. Rs. 800

C. Rs. 850

D. Rs. 950

Correct Answer: Option A

Explanation:
Difference = 8% - (-4%) = 12% of CP. 12% of CP = 108. CP = 10800 / 12 = Rs. 900.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 250

B. Rs. 350

C. Rs. 300

D. Rs. 400

Correct Answer: Option C

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss