An article is sold at Rs. 280 at a loss of 20%. What is its cost price? MCQ with Answer and Explanation

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An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 350

B. Rs. 340

C. Rs. 360

D. Rs. 320

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 80% of CP => CP = 280/0.8 = 350.

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. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 275

B. Rs. 290

C. Rs. 280

D. Rs. 285

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Correct Answer: Option C

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 234 and the profit is 30%, find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 170

D. Rs. 180

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Correct Answer: Option D

Explanation:
CP = 234 / 1.30 = 180.

This question belongs to: Maths Profit And Loss

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