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. 100

B. Rs. 95

C. Rs. 85

D. Rs. 90

Answer: Option D

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 shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 950

B. Rs. 900

C. Rs. 1050

D. Rs. 1000

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

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A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?

A. Rs. 220

B. Rs. 280

C. Rs. 260

D. Rs. 240

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Correct Answer: Option D

Explanation:
SP = 1.2 * CP = 1.2 * 170 = 204. Marked Price (MP) - 15% of MP = SP. 0.85 * MP = 204. MP = 204 / 0.85 = 240.

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Question #3

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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.

A. Rs. 420

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
CP = 420/1.05 = 400.

This question belongs to: Maths Profit And Loss

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