A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10 less, he would have gained 30%. Find the cost price of the article. MCQ with Answer and Explanation

A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10 less, he would have gained 30%. Find the cost price of the article.
A. Rs. 180
B. Rs. 200
C. Rs. 250
D. Rs. 220
Answer: Option B
Solution (By JKSSB Mock Tests)
The correct answer is Option B. Detailed explanation will be updated soon.

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Practice More Profit And Loss Questions

Question #1
A person sells a bag for Rs. 540, making a profit of 8%. What was the cost price?
A. Rs. 500
B. Rs. 520
C. Rs. 480
D. Rs. 510

Correct Answer: Option A


Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss
Question #2
A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price?
A. Rs. 360
B. Rs. 380
C. Rs. 420
D. Rs. 400

Correct Answer: Option D


Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss
Question #3
If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?
A. 18%
B. 20%
C. 15%
D. 25%

Correct Answer: Option B


Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss