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. 10500

B. Rs. 9500

C. Rs. 11000

D. Rs. 10000

Answer: Option D

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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A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 8.5%

C. 15%

D. 12%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 155, SP = 155*0.7 = 108.5, profit = 8.5%.

This question belongs to: Maths Profit And Loss

Question #2

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The selling price of an article is 4/3 of its cost price. What is the profit percentage?

A. 66.67%

B. 33.33%

C. 25%

D. 50%

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Correct Answer: Option B

Explanation:
SP = (4/3) * CP. Ratio of SP to CP is 4:3. Profit = SP - CP = 4 - 3 = 1 part. Profit percentage = (1 / 3) * 100 = 33.33%.

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Question #3

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A man sells a watch for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 640

B. Rs. 680

C. Rs. 600

D. Rs. 560

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Correct Answer: Option C

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

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