If the selling price of an article is Rs. 297 and the profit is 35%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 297 and the profit is 35%, find the cost price.

A. Rs. 230

B. Rs. 220

C. Rs. 240

D. Rs. 210

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 297 / 1.35 = 220.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 9600

B. Rs. 10000

C. Rs. 9000

D. Rs. 10400

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 660

B. Rs. 640

C. Rs. 700

D. Rs. 680

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Correct Answer: Option A

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 720, incurring a loss of 10%. What is the cost price?

A. Rs. 820

B. Rs. 780

C. Rs. 800

D. Rs. 850

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Correct Answer: Option C

Explanation:
CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

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