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. 550

B. Rs. 600

C. Rs. 620

D. Rs. 580

Answer: Option B

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

A man sells an article for Rs. 840, gaining 5%. What is the cost price?

A. Rs. 820

B. Rs. 800

C. Rs. 780

D. Rs. 810

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Correct Answer: Option B

Explanation:
CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

Question #2

A dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 6%

B. 4%

C. 8%

D. 10%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #3

If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

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