A man sells a book for Rs. 220, losing 12%. What is the cost price? MCQ with Answer and Explanation

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A man sells a book for Rs. 220, losing 12%. What is the cost price?

A. Rs. 230

B. Rs. 260

C. Rs. 240

D. Rs. 250

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 88% of CP => CP = 220 / 0.88 = 250.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. Rs. 220

B. Rs. 200

C. Rs. 230

D. Rs. 210

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Correct Answer: Option D

Explanation:
CP = 294 / 1.40 = 210.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 10%

B. 15%

C. 20%

D. 5%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 23.25%

C. 18%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

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