A man sells an article for Rs. 264, gaining 20%. What is the cost price? MCQ with Answer and Explanation

Question

Share Report Error

A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 210

B. Rs. 240

C. Rs. 230

D. Rs. 220

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dealer marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 2%

B. 5%

C. 10%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 170, SP = 170*0.6 = 102, profit = 2%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 15%

B. 25%

C. 20%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A shopkeeper sells a shirt for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 220

B. Rs. 200

C. Rs. 240

D. Rs. 180

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs