If the selling price of an article is Rs. 165 and the profit is 10%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 165 and the profit is 10%, find the cost price.

A. Rs. 150

B. Rs. 160

C. Rs. 140

D. Rs. 155

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 165 / 1.10 = 150.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 8 articles is equal to the selling price of 10 articles, find the loss percent.

A. 20%

B. 15%

C. 10%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 10 = 8 => SP of 1 = 8/10 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 650

B. Rs. 700

C. Rs. 550

D. Rs. 600

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Correct Answer: Option A

Explanation:
SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article for Rs. 840, gaining 5%. Find the cost price.

A. Rs. 820

B. Rs. 810

C. Rs. 780

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

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