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. 155

C. Rs. 165

D. Rs. 170

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 man sells two articles for Rs. 396 each. On one, he gains 10% and on the other, he loses 10%. Find his total profit or loss in rupees.

A. No profit no loss

B. Rs. 8 loss

C. Rs. 8 profit

D. Rs. 4 loss

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Correct Answer: Option B

Explanation:
Cost Price 1 = 396 / 1.10 = 360. Cost Price 2 = 396 / 0.90 = 440. Total Cost Price = 800. Total Selling Price = 792. Loss = 800 - 792 = Rs. 8.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 40%

B. 50%

C. 33.33%

D. 25%

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Correct Answer: Option C

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

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Question #3

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 216

B. Rs. 198

C. Rs. 204

D. Rs. 210

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Correct Answer: Option C

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

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