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. 780

B. Rs. 810

C. Rs. 820

D. Rs. 800

Answer: Option D

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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By selling 12 items for Rs. 60, a man loses 25%. How many items must he sell for Rs. 100 to gain 25%?

A. 15

B. 10

C. 12

D. 16

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Correct Answer: Option C

Explanation:
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 25%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 810

B. Rs. 800

C. Rs. 780

D. Rs. 820

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Correct Answer: Option A

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

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