A person sold a table for Rs. 1200, gaining 20%. What was the cost price? MCQ with Answer and Explanation

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A person sold a table for Rs. 1200, gaining 20%. What was the cost price?

A. Rs. 1000

B. Rs. 1100

C. Rs. 1050

D. Rs. 980

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article at a loss of 15%. If the selling price is Rs. 255, find the cost price.

A. Rs. 300

B. Rs. 280

C. Rs. 320

D. Rs. 290

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A person sold a TV for Rs. 12000, making a profit of 20%. What was the cost price?

A. Rs. 10000

B. Rs. 10500

C. Rs. 11000

D. Rs. 9500

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Correct Answer: Option A

Explanation:
CP = 12000 / 1.20 = 10000.

This question belongs to: Maths Profit And Loss

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