A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table. MCQ with Answer and Explanation

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A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table.

A. Rs. 1300

B. Rs. 1350

C. Rs. 1100

D. Rs. 1200

Answer: Option D

Solution (By JKSSB Mock Tests)

Selling Price = 1440. Profit = 20%. Cost Price = 1440 / 1.20 = 1200.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A man sold a car for Rs. 300000, losing 20%. What was the cost price?

A. Rs. 360000

B. Rs. 375000

C. Rs. 400000

D. Rs. 350000

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, find the cost price.

A. Rs. 700

B. Rs. 650

C. Rs. 600

D. Rs. 500

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Correct Answer: Option C

Explanation:
Marked Price = 800. Selling Price = 800 * 0.90 = 720. Cost Price = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #3

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?

A. Rs. 2200

B. Rs. 2400

C. Rs. 2000

D. Rs. 2500

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Correct Answer: Option C

Explanation:
Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss

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