If the selling price of an article is Rs. 195 and the profit is 30%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 195 and the profit is 30%, find the cost price.

A. Rs. 140

B. Rs. 170

C. Rs. 150

D. Rs. 160

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 195 / 1.30 = 150.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 18%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 70, profit% = 70/350*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 10 oranges for Rs. 20 and sells 8 oranges for Rs. 20. What is the profit or loss percentage?

A. Profit 20%

B. Loss 25%

C. No profit no loss

D. Profit 25%

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Correct Answer: Option D

Explanation:
CP per orange = 20/10 = 2. SP per orange = 20/8 = 2.5. Profit = 0.5, profit% = (0.5/2)*100 = 25%.

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Question #3

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The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 800

B. Rs. 750

C. Rs. 600

D. Rs. 900

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Correct Answer: Option B

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

This question belongs to: Maths Profit And Loss

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