If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 340

B. Rs. 310

C. Rs. 320

D. Rs. 300

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 863.41

B. Rs. 900

C. Rs. 850

D. Rs. 875

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Correct Answer: Option A

Explanation:
SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price.

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 490

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Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 460 / 0.92 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is:

A. 30%

B. 25%

C. 20%

D. 33.33%

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Correct Answer: Option B

Explanation:
Gain = Selling Price of 50. Gain = Selling Price of 250 - Cost Price of 250. Selling Price of 50 = Selling Price of 250 - Cost Price of 250. Cost Price of 250 = Selling Price of 200. Cost Price / Selling Price = 200 / 250 = 4 / 5. Profit = 1 unit on CP 4. Profit percentage = (1 / 4) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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