A person sells an article for Rs. 540, gaining 35%. Find the cost price. MCQ with Answer and Explanation

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A person sells an article for Rs. 540, gaining 35%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 440

D. Rs. 420

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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Ravi sold an item for Rs. 4600 and incurred a loss. Had he sold it for Rs. 5800, his profit would have been double the loss. Find the cost price.

A. Rs. 5200

B. Rs. 5400

C. Rs. 4800

D. Rs. 5000

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Correct Answer: Option D

Explanation:
Let CP be x. Loss = x - 4600. Profit = 5800 - x. Given: 5800 - x = 2 * (x - 4600). 5800 - x = 2x - 9200. 3x = 15000. x = 5000.

This question belongs to: Maths Profit And Loss

Question #2

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A vendor sells oranges at Rs. 60 per dozen and makes a profit of 20%. What is the cost price per dozen?

A. Rs. 50

B. Rs. 52

C. Rs. 48

D. Rs. 45

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Correct Answer: Option A

Explanation:
SP = 1.2 CP => CP = 60/1.2 = 50.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer sells a bag for Rs. 420, losing 16%. Find the cost price.

A. Rs. 490

B. Rs. 480

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

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