A man sells an article for Rs. 880, gaining 10%. What is the cost price? MCQ with Answer and Explanation

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A man sells an article for Rs. 880, gaining 10%. What is the cost price?

A. Rs. 840

B. Rs. 780

C. Rs. 800

D. Rs. 820

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an item is Rs. 240 and the selling price is Rs. 216, what is the loss percentage?

A. 8%

B. 15%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 24, loss% = 24/240*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price?

A. Rs. 360

B. Rs. 400

C. Rs. 380

D. Rs. 420

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Correct Answer: Option B

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a watch for Rs. 1100, losing 12%. Find the cost price.

A. Rs. 1250

B. Rs. 1200

C. Rs. 1150

D. Rs. 1300

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Correct Answer: Option A

Explanation:
SP = 88% of CP => CP = 1100 / 0.88 = 1250.

This question belongs to: Maths Profit And Loss

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