An item is sold for Rs. 720 at a loss of 10%. What was the cost price of the item? MCQ with Answer and Explanation

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An item is sold for Rs. 720 at a loss of 10%. What was the cost price of the item?

A. Rs. 800

B. Rs. 810

C. Rs. 850

D. Rs. 750

Answer: Option A

Solution (By JKSSB Mock Tests)

Selling Price is 90% of the Cost Price due to a 10% loss. So, 0.90 * CP = 720. CP = 720 / 0.90 = Rs. 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. 128 and the loss is 20%, find the cost price.

A. Rs. 170

B. Rs. 140

C. Rs. 150

D. Rs. 160

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 128 / 0.8 = 160.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 410

B. Rs. 420

C. Rs. 380

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marked his goods at 20% above the cost price and sold them. In weighing, he gave 900g for 1kg. What is his total gain percentage?

A. 33.33%

B. 40%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Cost Price of 900g = 900. Selling Price charged for 1000g + 20% markup = 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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