A person sells an article at Rs. 275, gaining 10%. What is the cost price? MCQ with Answer and Explanation

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A person sells an article at Rs. 275, gaining 10%. What is the cost price?

A. Rs. 250

B. Rs. 255

C. Rs. 240

D. Rs. 260

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 275/1.1 = 250.

This question belongs to: Maths Profit And Loss

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Question #1

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A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage?

A. 45%

B. 56.25%

C. 50.5%

D. 40%

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Correct Answer: Option B

Explanation:
Buy 20 apples for 16. Sell 20 apples for 25. Profit = 25 - 16 = 9. Profit percentage = (9 / 16) * 100 = 56.25%.

This question belongs to: Maths Profit And Loss

Question #2

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 660

B. Rs. 680

C. Rs. 640

D. Rs. 700

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Correct Answer: Option A

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 20%

B. 15%

C. 5%

D. 10%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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