A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price? MCQ with Answer and Explanation

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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 42

B. Rs. 38

C. Rs. 40

D. Rs. 44

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 210

B. Rs. 198

C. Rs. 204

D. Rs. 216

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Correct Answer: Option C

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 650

B. Rs. 550

C. Rs. 600

D. Rs. 500

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Correct Answer: Option C

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

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