If the selling price of an article is Rs. 294 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. 294 and the profit is 40%, find the cost price.

A. Rs. 200

B. Rs. 230

C. Rs. 210

D. Rs. 220

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 294 / 1.40 = 210.

This question belongs to: Maths Profit And Loss

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Question #1

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If a person sells an item for Rs. 420, he loses 16%. What is the cost price?

A. Rs. 480

B. Rs. 500

C. Rs. 450

D. Rs. 520

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Correct Answer: Option B

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 648, gaining 8%. Find the cost price.

A. Rs. 600

B. Rs. 640

C. Rs. 620

D. Rs. 580

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Correct Answer: Option A

Explanation:
CP = 648 / 1.08 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%?

A. 35%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Total Cost Price = 6000. Desired Selling Price for 20% profit = 6000 * 1.20 = 7200. Cost Price of one-third = 2000. Selling Price of this part = 2000 * 1.10 = 2200. Remaining Cost Price = 4000. Required Selling Price for remaining = 7200 - 2200 = 5000. Profit on remaining = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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