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

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

A. Rs. 220

B. Rs. 230

C. Rs. 210

D. Rs. 240

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 380

D. Rs. 420

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Correct Answer: Option B

Explanation:
CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

This question belongs to: Maths Profit And Loss

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