A person sells an item at Rs. 800, gaining 25%. What is the cost price? MCQ with Answer and Explanation

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A person sells an item at Rs. 800, gaining 25%. What is the cost price?

A. Rs. 680

B. Rs. 640

C. Rs. 660

D. Rs. 620

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 800 / 1.25 = 640.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an item is Rs. 240 and the selling price is Rs. 216, what is the loss percentage?

A. 15%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 24, loss% = 24/240*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 195

B. Rs. 205

C. Rs. 210

D. Rs. 200

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an item becomes half, the loss becomes three times the initial loss. What was the initial loss percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Let Cost Price = 100 and initial Selling Price = x. Initial loss = 100 - x. New Selling Price = x / 2. New loss = 100 - (x / 2). 100 - (x / 2) = 3 * (100 - x). 100 - 0.5x = 300 - 3x. 2.5x = 200. x = 80. Initial loss = 100 - 80 = 20. Loss percentage = 20%.

This question belongs to: Maths Profit And Loss

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