If the selling price of an article is Rs. 224 and the loss is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 224 and the loss is 20%, find the cost price.

A. Rs. 290

B. Rs. 260

C. Rs. 280

D. Rs. 270

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

A shopkeeper sells a product for Rs. 855, gaining 12.5%. Find the cost price.

A. Rs. 800

B. Rs. 740

C. Rs. 780

D. Rs. 760

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

A person sells a watch for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 800

B. Rs. 840

C. Rs. 780

D. Rs. 820

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Correct Answer: Option A

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #3

What is the single equivalent discount for three successive discounts of 10%, 20%, and 25%?

A. 46%

B. 50%

C. 55%

D. 45%

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Correct Answer: Option A

Explanation:
Let Marked Price = 100. Price after 10% discount = 90. Price after 20% discount = 90 * 0.80 = 72. Price after 25% discount = 72 * 0.75 = 54. Total discount = 100 - 54 = 46. Equivalent discount percentage = 46%.

This question belongs to: Maths Profit And Loss

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