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. 210

C. Rs. 240

D. Rs. 220

Answer: Option D

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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If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 15%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 400

B. Rs. 420

C. Rs. 414

D. Rs. 430

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Correct Answer: Option C

Explanation:
SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

Question #3

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A dishonest dealer cheats by 10% while buying and 10% while selling using false weights. He marks up his goods by 20% and gives a discount of 10%. Find his true overall profit percentage.

A. 33.1%

B. 30.68%

C. 28%

D. 32%

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Correct Answer: Option D

Explanation:
Multiplier factor = (110 / 100) * (100 / 90) * (120 / 100) * (90 / 100). Value = 1.1 * 1.1111 * 1.2 * 0.9 = 1.32. Profit percentage = 32%.

This question belongs to: Maths Profit And Loss

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