An article is sold at Rs. 540, earning a profit of 8%. What is the cost price? MCQ with Answer and Explanation

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An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 500

B. Rs. 520

C. Rs. 510

D. Rs. 480

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price?

A. Rs. 1250

B. Rs. 1200

C. Rs. 1150

D. Rs. 1300

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Correct Answer: Option B

Explanation:
SP = 1500 * 0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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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. 180

B. Rs. 170

C. Rs. 200

D. Rs. 190

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Correct Answer: Option A

Explanation:
CP = 234 / 1.30 = 180.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 30%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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