A man sells an article for Rs. 900, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A man sells an article for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 820

B. Rs. 840

C. Rs. 800

D. Rs. 780

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a 20% discount on the marked price and still makes a 20% profit. What is the ratio of the marked price to the cost price?

A. 3:2

B. 5:4

C. 2:1

D. 4:3

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Correct Answer: Option A

Explanation:
Marked Price * 0.80 = Cost Price * 1.20. Marked Price / Cost Price = 1.20 / 0.80 = 1.5 = 3/2. Ratio is 3:2.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 700

B. Rs. 660

C. Rs. 675

D. Rs. 650

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Correct Answer: Option C

Explanation:
SP = 540 * 1.25 = 675.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 15%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

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