A table is sold for Rs. 450 at a loss of 10%. What is the cost price of the table? MCQ with Answer and Explanation

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A table is sold for Rs. 450 at a loss of 10%. What is the cost price of the table?

A. Rs. 480

B. Rs. 500

C. Rs. 490

D. Rs. 520

Answer: Option B

Solution (By JKSSB Mock Tests)

Selling Price = 450. Loss = 10%. Cost Price = 450 / 0.90 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 25%

B. 20%

C. 30%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article?

A. Rs. 900

B. Rs. 800

C. Rs. 1200

D. Rs. 1000

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Correct Answer: Option D

Explanation:
The difference between an 8% gain and a 4% loss is 12% of the cost price. So, 12% of CP = 120. CP = (120 * 100) / 12 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at Rs. 800, gaining 25%. What is the cost price?

A. Rs. 660

B. Rs. 640

C. Rs. 620

D. Rs. 680

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Correct Answer: Option B

Explanation:
CP = 800 / 1.25 = 640.

This question belongs to: Maths Profit And Loss

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