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. 200

B. Rs. 190

C. Rs. 208

D. Rs. 210

Answer: Option A

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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A man sells a watch for Rs. 560, gaining 12%. Find the cost price.

A. Rs. 520

B. Rs. 500

C. Rs. 540

D. Rs. 480

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Correct Answer: Option B

Explanation:
CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage?

A. 15%

B. 20%

C. 18%

D. 25%

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Correct Answer: Option B

Explanation:
Marked Price = 1500. Selling Price = 1200. Discount = 1500 - 1200 = 300. Discount percentage = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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