A man sells an item for Rs. 450, gaining 12.5%. What is the cost price? MCQ with Answer and Explanation

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A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 380

B. Rs. 400

C. Rs. 420

D. Rs. 410

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a chair for Rs. 400 and sells it for Rs. 460. What is the gain percent?

A. 10%

B. 20%

C. 15%

D. 12%

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Correct Answer: Option C

Explanation:
Gain = 60, gain% = 60/400*100 = 15%.

This question belongs to: Maths Profit And Loss

Question #2

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A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 550

B. Rs. 650

C. Rs. 600

D. Rs. 500

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Correct Answer: Option C

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage.

A. 125%

B. 115%

C. 120%

D. 100%

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Correct Answer: Option A

Explanation:
Cost Price of 1 pencil = 2 / 3. Selling Price of 1 pencil = 3 / 2. Profit = (3 / 2) - (2 / 3) = (9 - 4) / 6 = 5 / 6. Profit percentage = ((5 / 6) / (2 / 3)) * 100 = (5 / 4) * 100 = 125%.

This question belongs to: Maths Profit And Loss

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