A dealer sells a chair for Rs. 720, losing 20%. What is the cost price? MCQ with Answer and Explanation

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 800

B. Rs. 900

C. Rs. 950

D. Rs. 850

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 150 and the loss is 25%, what is the cost price?

A. Rs. 220

B. Rs. 200

C. Rs. 180

D. Rs. 190

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Correct Answer: Option B

Explanation:
CP = 150/0.75 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 300

B. Rs. 310

C. Rs. 320

D. Rs. 340

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Correct Answer: Option C

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 25%

B. 33.33%

C. 30%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

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