A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price? MCQ with Answer and Explanation

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A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 2100

B. Rs. 2200

C. Rs. 1800

D. Rs. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1300

B. Rs. 1150

C. Rs. 1250

D. Rs. 1200

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Correct Answer: Option C

Explanation:
SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper incurs a 10% loss by selling an item for Rs. 1800. At what price should he sell the item to earn a 10% profit?

A. Rs. 2200

B. Rs. 2400

C. Rs. 2100

D. Rs. 2000

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Correct Answer: Option A

Explanation:
Cost price = Selling price / 0.90 = 1800 / 0.90 = Rs. 2000. Desired Selling price = 110% of Cost price = 1.10 * 2000 = Rs. 2200.

This question belongs to: Maths Profit And Loss

Question #3

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A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table.

A. Rs. 1300

B. Rs. 1100

C. Rs. 1350

D. Rs. 1200

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Correct Answer: Option D

Explanation:
Selling Price = 1440. Profit = 20%. Cost Price = 1440 / 1.20 = 1200.

This question belongs to: Maths Profit And Loss

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