A dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article? MCQ with Answer and Explanation

Question

A dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article?

A. Rs. 900

B. Rs. 800

C. Rs. 1200

D. Rs. 1000

Answer: Option D

Solution (By JKSSB Mock Tests)

The difference between an 8% gain and a 4% loss is 12% of the cost price. So, 12% of CP = 120. CP = (120 * 100) / 12 = Rs. 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a dozen eggs for Rs. 36 and sells them at Rs. 4 per egg. What is the profit percentage?

A. 33.33%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
CP per egg = 36/12 = 3. SP = 4. Profit = 1, profit% = 1/3*100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an article at Rs. 275, gaining 10%. What is the cost price?

A. Rs. 250

B. Rs. 260

C. Rs. 240

D. Rs. 255

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Correct Answer: Option A

Explanation:
CP = 275/1.1 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 400

D. Rs. 410

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Correct Answer: Option C

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

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