If the selling price of an article is Rs. 280 and the loss is 20%, what is the cost price? MCQ with Answer and Explanation

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If the selling price of an article is Rs. 280 and the loss is 20%, what is the cost price?

A. Rs. 350

B. Rs. 330

C. Rs. 340

D. Rs. 360

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 380

B. Rs. 440

C. Rs. 420

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a fan for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 640

B. Rs. 580

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 350

B. Rs. 320

C. Rs. 360

D. Rs. 340

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

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