A man sells an item for Rs. 600, gaining 20%. What is the cost price? MCQ with Answer and Explanation

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A man sells an item for Rs. 600, gaining 20%. What is the cost price?

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 550

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 600 / 1.20 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. Rs. 840

B. Rs. 780

C. Rs. 820

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a book for Rs. 150, losing 25%. Find the cost price.

A. Rs. 200

B. Rs. 180

C. Rs. 210

D. Rs. 190

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Correct Answer: Option A

Explanation:
SP = 75% of CP => CP = 150 / 0.75 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of a machine is Rs. 3200. Two successive discounts are offered, the first being 10%. If the final selling price is Rs. 2448, find the second discount percentage.

A. 12%

B. 18%

C. 15%

D. 20%

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Correct Answer: Option C

Explanation:
Price after first discount = 3200 * 0.90 = 2880. Second discount amount = 2880 - 2448 = 432. Second discount percentage = (432 / 2880) * 100 = 15%.

This question belongs to: Maths Profit And Loss

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