If the selling price of an article is Rs. 110 and the loss is 15%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 110 and the loss is 15%, find the cost price.

A. Rs. 130

B. Rs. 129.41

C. Rs. 120

D. Rs. 125

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 200

B. Rs. 210

C. Rs. 208

D. Rs. 190

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Correct Answer: Option A

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%?

A. Rs. 520

B. Rs. 530

C. Rs. 550

D. Rs. 500

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Correct Answer: Option C

Explanation:
CP = 450/0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

Question #3

I sold two watches for Rs. 300 each, one at a 10% loss and the other at a 10% profit. What is my total loss percentage?

A. 1%

B. 4%

C. 3%

D. 2%

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Correct Answer: Option A

Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.

This question belongs to: Maths Profit And Loss

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