If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 210

B. Rs. 190

C. Rs. 220

D. Rs. 200

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 100, profit% = 100/400*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 850

B. Rs. 1000

C. Rs. 900

D. Rs. 950

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Correct Answer: Option C

Explanation:
SP = 1200 * 0.75 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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A merchant buys a calculator for Rs. 800 and sells it for Rs. 1000. What is his profit percentage?

A. 25%

B. 20%

C. 30%

D. 22.5%

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Correct Answer: Option A

Explanation:
Profit = Selling Price - Cost Price = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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