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

A. Rs. 820

B. Rs. 780

C. Rs. 850

D. Rs. 800

Answer: Option D

Solution (By JKSSB Mock Tests)

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 selling price of an article is Rs. 252 and the loss is 16%, find the cost price.

A. Rs. 280

B. Rs. 320

C. Rs. 300

D. Rs. 290

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Correct Answer: Option C

Explanation:
SP = 84% of CP => CP = 252 / 0.84 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 15%

B. 18%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 11500

B. Rs. 12500

C. Rs. 13000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

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