A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price. MCQ with Answer and Explanation

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A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price.

A. Rs. 490

B. Rs. 480

C. Rs. 500

D. Rs. 520

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 92% of CP => CP = 460 / 0.92 = 500.

This question belongs to: Maths Profit And Loss

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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?

A. Rs. 450

B. Rs. 400

C. Rs. 380

D. Rs. 350

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Correct Answer: Option B

Explanation:
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss