If the selling price of an article is Rs. 234 and the profit is 30%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 234 and the profit is 30%, find the cost price.

A. Rs. 170

B. Rs. 190

C. Rs. 180

D. Rs. 200

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 234 / 1.30 = 180.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent.

A. 12.5%

B. 14.28%

C. 15%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 7 = 8 => SP of 1 = 8/7 = 1.1428, gain = 14.28%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 980

B. Rs. 1050

C. Rs. 1000

D. Rs. 1100

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Correct Answer: Option C

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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If a person sells an item for Rs. 420, he loses 16%. What is the cost price?

A. Rs. 450

B. Rs. 520

C. Rs. 480

D. Rs. 500

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Correct Answer: Option D

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

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