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

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

A. Rs. 800

B. Rs. 780

C. Rs. 820

D. Rs. 810

Answer: Option A

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 man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 410

B. Rs. 390

C. Rs. 400

D. Rs. 385

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 25% above cost and gives a discount of 5%. What is his profit percent?

A. 18.75%

B. 15%

C. 12%

D. 20%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 125, SP = 125*0.95 = 118.75, profit = 18.75%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 400

B. Rs. 405

C. Rs. 410

D. Rs. 415

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Correct Answer: Option B

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

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