An article is sold for Rs. 144. If the percentage of profit is numerically equal to the cost price, find the cost price. MCQ with Answer and Explanation

Question

An article is sold for Rs. 144. If the percentage of profit is numerically equal to the cost price, find the cost price.

A. Rs. 72

B. Rs. 60

C. Rs. 90

D. Rs. 80

Answer: Option D

Solution (By JKSSB Mock Tests)

Let Cost Price = x. Profit percentage = x%. Selling Price = x * (1 + x/100) = 144. x^2 + 100x - 14400 = 0. Solving gives x = 80. Cost Price = Rs. 80.

This question belongs to: Maths Profit And Loss

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Question #1

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The profit earned by selling an article for Rs. 1630 is the same as the loss incurred by selling it for Rs. 1320. At what price should it be sold to earn a 20% profit?

A. Rs. 1750

B. Rs. 1770

C. Rs. 1850

D. Rs. 1800

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Correct Answer: Option B

Explanation:
Cost Price = (1630 + 1320) / 2 = 2950 / 2 = 1475. Desired Selling Price = 1475 * 1.20 = 1770.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 130 and the loss is 35%, find the cost price.

A. Rs. 200

B. Rs. 190

C. Rs. 220

D. Rs. 180

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Correct Answer: Option A

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Question #3

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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. 18%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

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