If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 128

B. Rs. 125

C. Rs. 135

D. Rs. 130

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1100

B. Rs. 1000

C. Rs. 950

D. Rs. 1028.57

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 290

B. Rs. 280

C. Rs. 295

D. Rs. 285

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Correct Answer: Option D

Explanation:
Loss = 5% of 300 = 15, SP = 300-15=285.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 20%

B. 23.25%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

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