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

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A reduction of 20% in the price of sugar enables a person to buy 5 kg more for Rs. 400. What is the original price per kg?

A. Rs. 25

B. Rs. 20

C. Rs. 15

D. Rs. 16

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Correct Answer: Option B

Explanation:
Let original price = P. Reduced price = 0.8P. (400 / 0.8P) - (400 / P) = 5. (500 / P) - (400 / P) = 5. 100 / P = 5. P = 20.

This question belongs to: Maths Profit And Loss

Question #2

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A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 500

B. Rs. 600

C. Rs. 650

D. Rs. 550

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Correct Answer: Option B

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price is Rs. 250 and the selling price is Rs. 300, find the profit percentage.

A. 20%

B. 15%

C. 25%

D. 18%

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Correct Answer: Option A

Explanation:
Profit = 50, profit% = 50/250*100=20%.

This question belongs to: Maths Profit And Loss

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