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. 300

C. Rs. 290

D. Rs. 280

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. 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 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. 800

B. Rs. 1000

C. Rs. 1200

D. Rs. 900

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Correct Answer: Option B

Explanation:
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

Question #2

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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 260

B. Rs. 270

C. Rs. 240

D. Rs. 250

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Correct Answer: Option D

Explanation:
CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?

A. Rs. 2400

B. Rs. 2000

C. Rs. 2200

D. Rs. 2500

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Correct Answer: Option B

Explanation:
Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss

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