An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article. MCQ with Answer and Explanation

Question

An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article.

A. Rs. 1500

B. Rs. 1000

C. Rs. 1100

D. Rs. 1200

Answer: Option D

Solution (By JKSSB Mock Tests)

The difference in profit percentage is 15% - 10% = 5%. 5% of the Cost Price equals Rs. 60. Cost Price = (60 / 5) * 100 = Rs. 1200.

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. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 8%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 550

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Correct Answer: Option B

Explanation:
CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. No profit no loss

B. Profit 2.5%

C. Loss 5%

D. Loss 2.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

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