A person sells a table for Rs. 1200, gaining 20%. Find the cost price. MCQ with Answer and Explanation

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A person sells a table for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 980

B. Rs. 1020

C. Rs. 1000

D. Rs. 1050

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 1200 / 1.20 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 12%

B. 10%

C. 8%

D. 15%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 640 and the selling price is Rs. 800, what is the profit percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option D

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Question #3

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A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?

A. Rs. 12

B. Rs. 8

C. Rs. 10

D. Rs. 9

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Correct Answer: Option C

Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

This question belongs to: Maths Profit And Loss

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