If the selling price of an article is Rs. 176 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. 176 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 170

C. Rs. 155

D. Rs. 165

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader gives a discount of 20% on the marked price and still gains 10%. If the cost price is Rs. 500, find the marked price.

A. Rs. 650

B. Rs. 600

C. Rs. 687.5

D. Rs. 700

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1300

B. Rs. 1200

C. Rs. 1250

D. Rs. 1150

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Correct Answer: Option C

Explanation:
SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 15%

B. 20%

C. 5%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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