An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price? MCQ with Answer and Explanation

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An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price?

A. Rs. 800

B. Rs. 780

C. Rs. 850

D. Rs. 820

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 720 / 0.9 = 800.

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. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 20%

B. 18%

C. 25%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price?

A. Rs. 840

B. Rs. 800

C. Rs. 920

D. Rs. 880

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Correct Answer: Option D

Explanation:
Total Cost Price = 500 + 10% of 500 = 550. Target Selling Price = 550 * 1.20 = 660. Marked Price = 660 / 0.75 = 880.

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Question #3

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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. 1000

B. Rs. 1200

C. Rs. 900

D. Rs. 800

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Correct Answer: Option A

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

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