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. 125

B. Rs. 135

C. Rs. 130

D. Rs. 128

Answer: Option D

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 man sells a watch for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 640

B. Rs. 600

C. Rs. 560

D. Rs. 680

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Correct Answer: Option B

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 875

B. Rs. 900

C. Rs. 863.41

D. Rs. 850

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Correct Answer: Option C

Explanation:
SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

This question belongs to: Maths Profit And Loss

Question #3

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If an article is sold at Rs. 320, there is a loss of 20%. What is its cost price?

A. Rs. 360

B. Rs. 420

C. Rs. 380

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

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