If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 145

B. Rs. 150

C. Rs. 140

D. Rs. 160

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

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Question #1

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 650

B. Rs. 550

C. Rs. 600

D. Rs. 500

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Correct Answer: Option C

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 16%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a fan for Rs. 1080, losing 10%. Find the cost price.

A. Rs. 1200

B. Rs. 1250

C. Rs. 1150

D. Rs. 1100

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 1080 / 0.9 = 1200.

This question belongs to: Maths Profit And Loss

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