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. 160

B. Rs. 155

C. Rs. 150

D. Rs. 140

Answer: Option C

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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A shopkeeper sells a watch for Rs. 880, gaining 10%. Find the cost price.

A. Rs. 780

B. Rs. 820

C. Rs. 840

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 880/1.1 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 312 and the profit is 20%, find the cost price.

A. Rs. 280

B. Rs. 270

C. Rs. 250

D. Rs. 260

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Correct Answer: Option D

Explanation:
CP = 312 / 1.20 = 260.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at a profit of 15%. If the cost price is Rs. 200, what is the selling price?

A. Rs. 230

B. Rs. 225

C. Rs. 240

D. Rs. 235

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Correct Answer: Option A

Explanation:
SP = 200*1.15 = 230.

This question belongs to: Maths Profit And Loss

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