If the selling price of an article is Rs. 210 and the loss is 16.67%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 210 and the loss is 16.67%, find the cost price.

A. Rs. 250

B. Rs. 252

C. Rs. 260

D. Rs. 240

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 83.33% of CP => CP = 210 / 0.8333 ≈ 252.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 50% above cost and gives a discount of 20%. What is his profit percent?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 150, SP = 150*0.8 = 120, profit = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 450 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 400

B. Rs. 415

C. Rs. 410

D. Rs. 405

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Correct Answer: Option D

Explanation:
Loss = 10% of 450 = 45, SP = 450 - 45 = 405.

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Question #3

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If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

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