If an article is sold at Rs. 216, there is a profit of 8%. Find the cost price. MCQ with Answer and Explanation

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If an article is sold at Rs. 216, there is a profit of 8%. Find the cost price.

A. Rs. 208

B. Rs. 200

C. Rs. 210

D. Rs. 190

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 12%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells two machines for Rs. 9600 each. On one he gains 20% and on the other he loses 20%. Find his total loss or gain in rupees.

A. Rs. 800 gain

B. Rs. 800 loss

C. No loss no gain

D. Rs. 400 loss

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Correct Answer: Option B

Explanation:
Cost Price of first machine = 9600 / 1.20 = 8000. Cost Price of second machine = 9600 / 0.80 = 12000. Total Cost Price = 8000 + 12000 = 20000. Total Selling Price = 9600 + 9600 = 19200. Loss = 20000 - 19200 = Rs. 800.

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Question #3

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A dishonest dealer professes to sell his goods at cost price, but uses a false weight of 900 grams for a kilogram. What is his profit percentage?

A. 9.09%

B. 12.5%

C. 10%

D. 11.11%

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Correct Answer: Option D

Explanation:
The dealer saves 100 grams on every 900 grams given to the customer. Profit Percentage = (Error / True Value - Error) * 100 = (100 / 900) * 100 = 11.11%.

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