If the selling price of an article is Rs. 128 and the loss is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 128 and the loss is 20%, find the cost price.

A. Rs. 170

B. Rs. 160

C. Rs. 140

D. Rs. 150

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 80% of CP => CP = 128 / 0.8 = 160.

This question belongs to: Maths Profit And Loss

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Question #1

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A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price?

A. Rs. 840

B. Rs. 920

C. Rs. 800

D. Rs. 880

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Correct Answer: Option D

Explanation:
Total Cost Price = 500 + 10% of 500 = 550. Target Selling Price = 550 * 1.20 = 660. Marked Price = 660 / 0.75 = 880.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 550

B. Rs. 540

C. Rs. 520

D. Rs. 500

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Correct Answer: Option A

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

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article at a profit of 18%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 290

B. Rs. 295

C. Rs. 300

D. Rs. 285

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Correct Answer: Option B

Explanation:
SP = 250 * 1.18 = 295.

This question belongs to: Maths Profit And Loss

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