A person sells an item for Rs. 540, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A person sells an item for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 520

B. Rs. 460

C. Rs. 500

D. Rs. 480

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 15%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option C

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

Question #2

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A merchant marks his goods 25% above CP and gives a 10% discount. Find his profit percentage.

A. 17.5%

B. 12.5%

C. 10%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100. Marked Price = 125. Discount = 10% of 125 = 12.5. SP = 125 - 12.5 = 112.5. Profit % = 12.5%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 15%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

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