A man sold a car for Rs. 300000, losing 20%. What was the cost price? MCQ with Answer and Explanation

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A man sold a car for Rs. 300000, losing 20%. What was the cost price?

A. Rs. 400000

B. Rs. 360000

C. Rs. 350000

D. Rs. 375000

Answer: Option D

Solution (By JKSSB Mock Tests)

The correct answer is Option D. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys 5 kg of apples at Rs. 60 per kg and sells at Rs. 72 per kg. What is the profit percentage?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
CP = 5*60 = 300, SP = 5*72 = 360, profit = 60, profit% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 20%

B. 19%

C. 15%

D. 18%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.

A. Rs. 700

B. Rs. 733.33

C. Rs. 750

D. Rs. 720

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

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