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

Question

Share Report Error

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

A. Rs. 160

B. Rs. 150

C. Rs. 170

D. Rs. 140

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dealer marks his goods 35% above cost and gives a discount of 15%. What is his profit percent?

A. 14.75%

B. 18%

C. 12%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 135, SP = 135*0.85 = 114.75, profit = 14.75%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?

A. 30%

B. 15%

C. 20%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?

A. Rs. 1000

B. Rs. 1100

C. Rs. 900

D. Rs. 1200

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs