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. 480

B. Rs. 500

C. Rs. 520

D. Rs. 540

Answer: Option B

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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An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article.

A. Rs. 1200

B. Rs. 1500

C. Rs. 1100

D. Rs. 1000

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Correct Answer: Option A

Explanation:
The difference in profit percentage is 15% - 10% = 5%. 5% of the Cost Price equals Rs. 60. Cost Price = (60 / 5) * 100 = Rs. 1200.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper bought a bag for Rs. 720 and sold it for Rs. 840. What is his profit percentage?

A. 20%

B. 12.5%

C. 16.67%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 840 - 720 = 120. Profit percentage = (120 / 720) * 100 = 16.67%.

This question belongs to: Maths Profit And Loss

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