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. 140

C. Rs. 150

D. Rs. 160

Answer: Option D

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 shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 216

B. Rs. 198

C. Rs. 210

D. Rs. 204

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Correct Answer: Option D

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of x% and 15% are equivalent to a single discount of 32%. What is the value of x?

A. 20

B. 18

C. 15

D. 22

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Correct Answer: Option A

Explanation:
Equivalent multiplier = (1 - x/100) * 0.85. 1 - 0.32 = 0.68. (1 - x/100) * 0.85 = 0.68. 1 - x/100 = 0.68 / 0.85 = 0.80. x/100 = 0.20. x = 20.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks an article at Rs. 600 and gives a discount of 15%. What is the selling price?

A. Rs. 510

B. Rs. 490

C. Rs. 500

D. Rs. 520

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Correct Answer: Option A

Explanation:
SP = 600*0.85 = 510.

This question belongs to: Maths Profit And Loss

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