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. 520

B. Rs. 490

C. Rs. 500

D. Rs. 480

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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Question #1

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An article is sold for Rs. 1020, resulting in a 20% loss. Find the cost price.

A. Rs. 1250

B. Rs. 1300

C. Rs. 1200

D. Rs. 1275

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Correct Answer: Option D

Explanation:
80% of CP = 1020. CP = 1020 / 0.8 = Rs. 1275.

This question belongs to: Maths Profit And Loss

Question #2

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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. 8%

C. 10%

D. 15%

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Correct Answer: Option B

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Question #3

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If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 470

B. Rs. 500

C. Rs. 483

D. Rs. 490

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Correct Answer: Option C

Explanation:
SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

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