If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 170

B. Rs. 160

C. Rs. 180

D. Rs. 150

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 400

B. Rs. 420

C. Rs. 410

D. Rs. 380

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Correct Answer: Option A

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1720

B. Rs. 1620

C. Rs. 1580

D. Rs. 1680

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Correct Answer: Option D

Explanation:
SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

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