If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 350

B. Rs. 360

C. Rs. 340

D. Rs. 370

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 500

B. Rs. 510

C. Rs. 480

D. Rs. 520

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Correct Answer: Option A

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 300

B. Rs. 250

C. Rs. 350

D. Rs. 400

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Correct Answer: Option A

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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