A man sells an article for Rs. 840, gaining 5%. Find the cost price. MCQ with Answer and Explanation

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A man sells an article for Rs. 840, gaining 5%. Find the cost price.

A. Rs. 780

B. Rs. 810

C. Rs. 800

D. Rs. 820

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A vendor buys bananas at 6 for Rs. 5 and sells them at 5 for Rs. 6. If his total profit is Rs. 55, find the total number of bananas bought.

A. 180

B. 120

C. 200

D. 150

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Correct Answer: Option D

Explanation:
Cost Price of 30 bananas = 5 * 5 = 25. Selling Price of 30 bananas = 6 * 6 = 36. Profit on 30 bananas = 11. Total profit is 55, which is 5 times 11. Total bananas = 30 * 5 = 150.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is 40% of its selling price, what is the profit percentage?

A. 125%

B. 150%

C. 140%

D. 120%

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Correct Answer: Option B

Explanation:
Let Selling Price = 100. Cost Price = 40. Profit = 100 - 40 = 60. Profit percentage = (60 / 40) * 100 = 150%.

This question belongs to: Maths Profit And Loss

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