An item is sold at a loss of 12%. If the selling price is Rs. 528, what is the cost price? MCQ with Answer and Explanation

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An item is sold at a loss of 12%. If the selling price is Rs. 528, what is the cost price?

A. Rs. 620

B. Rs. 550

C. Rs. 600

D. Rs. 580

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 88% of CP => CP = 528 / 0.88 = 600.

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. 192 and the profit is 20%, find the cost price.

A. Rs. 180

B. Rs. 170

C. Rs. 150

D. Rs. 160

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Correct Answer: Option D

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 520

B. Rs. 480

C. Rs. 500

D. Rs. 460

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Correct Answer: Option B

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

Question #3

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By selling 90 ball pens for Rs. 160, a person loses 20%. How many ball pens should be sold for Rs. 96 so as to have a profit of 20%?

A. 36

B. 32

C. 40

D. 24

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Correct Answer: Option A

Explanation:
SP of 90 pens = 160. SP of 1 pen = 160/90 = 16/9. Loss = 20%, so CP of 1 pen = (16/9) / 0.8 = 20/9. Desired SP for 20% profit = 1.2 * (20/9) = 24/9 = 8/3. Number of pens for Rs. 96 = 96 / (8/3) = 96 * 3 / 8 = 36.

This question belongs to: Maths Profit And Loss

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