By selling a heater for Rs. 600, a merchant gains 25%. Find the cost price. MCQ with Answer and Explanation

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By selling a heater for Rs. 600, a merchant gains 25%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 450

Answer: Option C

Solution (By JKSSB Mock Tests)

Selling Price = 600. Profit = 25%. Cost Price = 600 / 1.25 = 480.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 230

B. Rs. 220

C. Rs. 210

D. Rs. 240

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Correct Answer: Option B

Explanation:
CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

Question #2

A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 530

B. Rs. 500

C. Rs. 517.65

D. Rs. 510

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Correct Answer: Option C

Explanation:
SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

Question #3

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. 620

C. Rs. 580

D. Rs. 600

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

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