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

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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. 11000

C. Rs. 9500

D. Rs. 10500

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 12000 / 1.20 = 10000.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 156 and the profit is 30%, find the cost price.

A. Rs. 130

B. Rs. 120

C. Rs. 110

D. Rs. 140

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Correct Answer: Option B

Explanation:
CP = 156 / 1.30 = 120.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 128

B. Rs. 135

C. Rs. 130

D. Rs. 125

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Correct Answer: Option A

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

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