A dealer sells a product for Rs. 680, gaining 36%. Find the cost price. MCQ with Answer and Explanation

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A dealer sells a product for Rs. 680, gaining 36%. Find the cost price.

A. Rs. 500

B. Rs. 540

C. Rs. 520

D. Rs. 480

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 680 / 1.36 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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The selling price of an article is 4/3 of its cost price. What is the profit percentage?

A. 33.33%

B. 66.67%

C. 50%

D. 25%

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Correct Answer: Option A

Explanation:
SP = (4/3) * CP. Ratio of SP to CP is 4:3. Profit = SP - CP = 4 - 3 = 1 part. Profit percentage = (1 / 3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an item is Rs. 240 and the selling price is Rs. 216, what is the loss percentage?

A. 10%

B. 15%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
Loss = 24, loss% = 24/240*100=10%.

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Question #3

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If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 20%

B. 15%

C. 10%

D. 16.67%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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