If the selling price of an article is Rs. 180 and the loss is 10%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 180 and the loss is 10%, find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 200

D. Rs. 185

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A manufacturer sells to a wholesaler at a profit of 10%. The wholesaler sells to a dealer at a profit of 20%. The dealer sells to a retailer at a profit of 15%. If the retailer paid Rs. 30360, what was the manufacturer's cost?

A. Rs. 20000

B. Rs. 25000

C. Rs. 22000

D. Rs. 24000

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Correct Answer: Option A

Explanation:
Let cost be x. x * 1.1 * 1.2 * 1.15 = 30360. x * 1.518 = 30360. x = 30360 / 1.518 = 20000.

This question belongs to: Maths Profit And Loss

Question #2

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A merchant marks his goods up by 50% and offers a discount of 20%. In addition, he gives 1 article free with every 4 articles bought. What is his net profit percentage?

A. 4% loss

B. 4% profit

C. 5% profit

D. No profit no loss

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Correct Answer: Option A

Explanation:
Let Cost Price of 1 article = 100. Cost Price of 5 articles = 500. Marked Price of 1 article = 150. Customer takes 5 articles but pays for 4. Selling Price of 4 articles = 4 * 150 * 0.80 = 480. Net Selling Price = 480. Net Cost Price = 500. Loss = 20. Loss percentage = (20 / 500) * 100 = 4%.

This question belongs to: Maths Profit And Loss