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

Question

Share Report Error

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

A. Rs. 400

B. Rs. 410

C. Rs. 385

D. Rs. 390

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader marks his goods 50% above cost and gives a discount of 25%. What is his profit percent?

A. 12.5%

B. 15%

C. 20%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.75 = 112.5, profit = 12.5%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 300 and it is sold at a profit of 20%, what is the selling price?

A. Rs. 350

B. Rs. 340

C. Rs. 360

D. Rs. 370

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 300 * 1.20 = 360.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 294 and the profit is 40%, find the cost price.

A. Rs. 230

B. Rs. 210

C. Rs. 200

D. Rs. 220

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 294 / 1.40 = 210.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs