If the selling price of an article is Rs. 252 and the profit is 40%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 252 and the profit is 40%, find the cost price.

A. Rs. 220

B. Rs. 160

C. Rs. 180

D. Rs. 200

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 shopkeeper marks an article at Rs. 800 and sells it at a discount of 12%. What is the selling price?

A. Rs. 680

B. Rs. 704

C. Rs. 720

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 800*0.88 = 704.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 500

B. Rs. 460

C. Rs. 480

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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