If the cost price of an item is Rs. 560 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. 560 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 660

B. Rs. 644

C. Rs. 650

D. Rs. 640

Answer: Option B

SP = 560*1.15 = 644.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 13000

B. Rs. 12000

C. Rs. 11500

D. Rs. 12500

Correct Answer: Option B

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.25% loss

B. No profit no loss

C. 2.25% profit

D. 2.5% loss

Correct Answer: Option A

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A person sells an item for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 460

B. Rs. 480

C. Rs. 520

D. Rs. 500

Correct Answer: Option B

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss