A man sold a camera for Rs. 2400, losing 20%. What was the cost price? MCQ with Answer and Explanation

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A man sold a camera for Rs. 2400, losing 20%. What was the cost price?

A. Rs. 2800

B. Rs. 2500

C. Rs. 3200

D. Rs. 3000

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 280

B. Rs. 290

C. Rs. 285

D. Rs. 275

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Correct Answer: Option A

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 430

B. Rs. 400

C. Rs. 414

D. Rs. 420

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Correct Answer: Option C

Explanation:
SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

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