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. 160

B. Rs. 150

C. Rs. 180

D. Rs. 170

Answer: Option A

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 dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 385

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 18%

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Correct Answer: Option C

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 300 and the selling price is Rs. 255, what is the loss percentage?

A. 10%

B. 12%

C. 18%

D. 15%

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Correct Answer: Option D

Explanation:
Loss = 45, loss% = 45/300*100 = 15%.

This question belongs to: Maths Profit And Loss

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