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

Question

Share Report Error

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 155

B. Rs. 170

C. Rs. 165

D. Rs. 160

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A person purchased an item for Rs. 700 and sold it at a loss of 15%. What is the selling price?

A. Rs. 580

B. Rs. 615

C. Rs. 600

D. Rs. 595

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 15% of 700 = 105, SP = 700 - 105 = 595.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If an article is sold at a 200% profit, the ratio of its cost price to its selling price will be:

A. 3:1

B. 2:3

C. 1:2

D. 1:3

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let Cost Price = 100. Profit = 200. Selling Price = 300. Ratio of Cost Price to Selling Price = 100 : 300 = 1 : 3.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs