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. 360000

B. Rs. 400000

C. Rs. 375000

D. Rs. 350000

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. 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 shopkeeper gives 1 article free on the purchase of every 4 articles. He also allows an additional discount of 20%. Find his total net discount percentage.

A. 44%

B. 45%

C. 40%

D. 36%

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Correct Answer: Option D

Explanation:
Customer gets 5 articles but pays for 4. Discount from free item = (1/5) * 100 = 20%. Two successive discounts of 20% and 20%. Equivalent discount = 20 + 20 - (400/100) = 36%.

This question belongs to: Maths Profit And Loss