A man sells an item for Rs. 570, gaining 14%. Find the cost price. MCQ with Answer and Explanation

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A man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 480

B. Rs. 540

C. Rs. 520

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 420 and the selling price is Rs. 504, what is the profit percentage?

A. 25%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 84, profit% = 84/420*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 20%

B. 15%

C. 10%

D. 5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 320 and the selling price is Rs. 400, what is the profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Profit = 80, profit% = 80/320*100 = 25%.

This question belongs to: Maths Profit And Loss

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