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. 240

C. Rs. 260

D. Rs. 252

Answer: Option D

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 trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 700

B. Rs. 650

C. Rs. 666.67

D. Rs. 600

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Correct Answer: Option C

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.9 = 666.67.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 640 and the selling price is Rs. 800, what is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option A

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Question #3

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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 681.82

B. Rs. 670

C. Rs. 660

D. Rs. 700

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Correct Answer: Option A

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

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