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. 200

B. Rs. 195

C. Rs. 205

D. Rs. 210

Answer: Option A

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 shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 240

B. Rs. 260

C. Rs. 250

D. Rs. 270

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Correct Answer: Option C

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss percentage.

A. 9.09%

B. 10%

C. 12.5%

D. 11.11%

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Correct Answer: Option B

Explanation:
Loss = Cost Price of 36 - Selling Price of 36. Loss = Selling Price of 4. Selling Price of 4 = Cost Price of 36 - Selling Price of 36. 40 * Selling Price = 36 * Cost Price. Selling Price / Cost Price = 36 / 40 = 9 / 10. Loss percentage = 10%.

This question belongs to: Maths Profit And Loss