A person sells an article at a loss of 18%. If the selling price is Rs. 410, find the cost price. MCQ with Answer and Explanation

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A person sells an article at a loss of 18%. If the selling price is Rs. 410, find the cost price.

A. Rs. 500

B. Rs. 460

C. Rs. 480

D. Rs. 520

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.

A. Rs. 400

B. Rs. 410

C. Rs. 420

D. Rs. 390

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Correct Answer: Option A

Explanation:
CP = 420/1.05 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 20%

B. 30%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 160

B. Rs. 170

C. Rs. 180

D. Rs. 150

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Correct Answer: Option A

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

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