A man sells an article at a loss of 15%. If the selling price is Rs. 255, find the cost price. MCQ with Answer and Explanation

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A man sells an article at a loss of 15%. If the selling price is Rs. 255, find the cost price.

A. Rs. 320

B. Rs. 280

C. Rs. 290

D. Rs. 300

Answer: Option D

Solution (By JKSSB Mock Tests)

The correct answer is Option D. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys 50 kg of rice at Rs. 40 per kg and sells at Rs. 48 per kg. What is his profit percentage?

A. 10%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
CP = 50*40 = 2000, SP = 50*48 = 2400, profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 128

B. Rs. 135

C. Rs. 125

D. Rs. 130

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Correct Answer: Option A

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a shirt for Rs. 500 and sells it for Rs. 400. What is the loss percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
Loss = 100, loss% = 100/500*100 = 20%.

This question belongs to: Maths Profit And Loss

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