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. 640

B. Rs. 620

C. Rs. 680

D. Rs. 660

Answer: Option A

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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A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 9600

B. Rs. 10000

C. Rs. 9000

D. Rs. 10400

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price?

A. Rs. 460

B. Rs. 480

C. Rs. 470

D. Rs. 450

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Correct Answer: Option A

Explanation:
SP = 400*1.15 = 460.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Loss = 160, loss% = 160/800*100=20%.

This question belongs to: Maths Profit And Loss

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