A dealer sells a product for Rs. 380, losing 5%. What is the cost price? MCQ with Answer and Explanation

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A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 390

B. Rs. 385

C. Rs. 410

D. Rs. 400

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 70, profit% = 70/350*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 390

B. Rs. 410

C. Rs. 385

D. Rs. 400

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 2200

B. Rs. 2000

C. Rs. 2100

D. Rs. 1800

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Correct Answer: Option B

Explanation:
CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

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