If the selling price of an article is Rs. 260 and the profit is 30%, what is the cost price? MCQ with Answer and Explanation

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If the selling price of an article is Rs. 260 and the profit is 30%, what is the cost price?

A. Rs. 220

B. Rs. 200

C. Rs. 190

D. Rs. 210

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 260/1.3 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of 10 articles is equal to the cost price of 11 articles, find the gain percent.

A. 11%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article for Rs. 880, gaining 10%. What is the cost price?

A. Rs. 820

B. Rs. 780

C. Rs. 800

D. Rs. 840

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Correct Answer: Option C

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

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