If a loss of 15% on an item is Rs. 45, what is its cost price? MCQ with Answer and Explanation

Question

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If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 250

B. Rs. 350

C. Rs. 400

D. Rs. 300

Answer: Option D

Solution (By JKSSB Mock Tests)

15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 16.67%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 700

B. Rs. 800

C. Rs. 900

D. Rs. 840

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Correct Answer: Option B

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells an item at Rs. 180, losing 10%. What is the cost price?

A. Rs. 190

B. Rs. 185

C. Rs. 200

D. Rs. 210

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Correct Answer: Option C

Explanation:
CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

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