A dealer sells a bag for Rs. 420, losing 16%. Find the cost price. MCQ with Answer and Explanation

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A dealer sells a bag for Rs. 420, losing 16%. Find the cost price.

A. Rs. 520

B. Rs. 490

C. Rs. 480

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage?

A. 22%

B. 20%

C. 18%

D. 21%

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Correct Answer: Option B

Explanation:
Let total goods = 120. Cost Price = 120. Parts are 40, 30, and 50. Profit = (40 * 15%) + (30 * 20%) + (50 * 24%) = 6 + 6 + 12 = 24. Overall profit percentage = (24 / 120) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 900

B. Rs. 1050

C. Rs. 960

D. Rs. 1000

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Correct Answer: Option C

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 660 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 600

B. Rs. 610

C. Rs. 580

D. Rs. 594

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Correct Answer: Option D

Explanation:
Loss = 10% of 660 = 66, SP = 660 - 66 = 594.

This question belongs to: Maths Profit And Loss

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