A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it? MCQ with Answer and Explanation

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1000

B. Rs. 1100

C. Rs. 1200

D. Rs. 900

Answer: Option A

Solution (By JKSSB Mock Tests)

Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price.

A. Rs. 420

B. Rs. 380

C. Rs. 400

D. Rs. 440

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Correct Answer: Option C

Explanation:
CP = 560 / 1.40 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 230

B. Rs. 240

C. Rs. 210

D. Rs. 220

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Correct Answer: Option D

Explanation:
CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

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