If the selling price of an article is Rs. 108 and the profit is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 108 and the profit is 20%, find the cost price.

A. Rs. 90

B. Rs. 85

C. Rs. 100

D. Rs. 95

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 108 / 1.20 = 90.

This question belongs to: Maths Profit And Loss

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Question #1

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A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?

A. Rs. 18000

B. Rs. 16000

C. Rs. 15000

D. Rs. 20000

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Correct Answer: Option A

Explanation:
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.

This question belongs to: Maths Profit And Loss