If the selling price of an article is Rs. 130 and the loss is 35%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 130 and the loss is 35%, find the cost price.

A. Rs. 220

B. Rs. 190

C. Rs. 180

D. Rs. 200

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 900

B. Rs. 840

C. Rs. 800

D. Rs. 700

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Correct Answer: Option C

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought an article for Rs. 150 and sold it for Rs. 180. What is the profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 30, profit% = 30/150*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price is Rs. 550 and the profit is 10%, find the cost price.

A. Rs. 500

B. Rs. 510

C. Rs. 505

D. Rs. 495

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Correct Answer: Option A

Explanation:
SP = 1.1 CP => CP = 550 / 1.1 = 500.

This question belongs to: Maths Profit And Loss

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