If the selling price of an article is Rs. 210 and the profit is 5%, 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 profit is 5%, find the cost price.

A. Rs. 205

B. Rs. 195

C. Rs. 200

D. Rs. 210

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 210 / 1.05 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader sells an article for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 510

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Correct Answer: Option A

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells two articles for Rs. 396 each. On one, he gains 10% and on the other, he loses 10%. Find his total profit or loss in rupees.

A. Rs. 8 profit

B. Rs. 4 loss

C. No profit no loss

D. Rs. 8 loss

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Correct Answer: Option D

Explanation:
Cost Price 1 = 396 / 1.10 = 360. Cost Price 2 = 396 / 0.90 = 440. Total Cost Price = 800. Total Selling Price = 792. Loss = 800 - 792 = Rs. 8.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 40% above cost and gives a discount of 25%. What is his profit percent?

A. 15%

B. 20%

C. 5%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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