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. 260

B. Rs. 280

C. Rs. 290

D. Rs. 270

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A dealer sells a book for Rs. 270, gaining 12.5%. Find the cost price.

A. Rs. 260

B. Rs. 250

C. Rs. 230

D. Rs. 240

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Correct Answer: Option D

Explanation:
CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price.

A. Rs. 733.33

B. Rs. 720

C. Rs. 750

D. Rs. 700

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper marks an article at Rs. 600 and gives a discount of 15%. What is the selling price?

A. Rs. 490

B. Rs. 500

C. Rs. 510

D. Rs. 520

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Correct Answer: Option C

Explanation:
SP = 600*0.85 = 510.

This question belongs to: Maths Profit And Loss

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