If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 200

B. Rs. 190

C. Rs. 208

D. Rs. 210

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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If the profit is one-fourth of the selling price, find the true profit percentage on the cost price.

A. 20%

B. 40%

C. 33.33%

D. 25%

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Correct Answer: Option C

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. Profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 270 and the profit is 35%, find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 200

D. Rs. 220

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Correct Answer: Option C

Explanation:
CP = 270 / 1.35 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys a product for Rs. 450 and sells it at a loss of 8%. What is the selling price?

A. Rs. 420

B. Rs. 430

C. Rs. 400

D. Rs. 414

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Correct Answer: Option D

Explanation:
Loss = 8% of 450 = 36, SP = 450 - 36 = 414.

This question belongs to: Maths Profit And Loss

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