If the selling price of an article is Rs. 312 and the profit is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 312 and the profit is 20%, find the cost price.

A. Rs. 250

B. Rs. 260

C. Rs. 280

D. Rs. 270

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 312 / 1.20 = 260.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks an article at Rs. 800 and sells it at a discount of 12%. What is the selling price?

A. Rs. 720

B. Rs. 680

C. Rs. 704

D. Rs. 700

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Correct Answer: Option C

Explanation:
SP = 800*0.88 = 704.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 468 and the profit is 30%, find the cost price.

A. Rs. 380

B. Rs. 340

C. Rs. 400

D. Rs. 360

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Correct Answer: Option D

Explanation:
CP = 468 / 1.30 = 360.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold for Rs. 144. If the percentage of profit is numerically equal to the cost price, find the cost price.

A. Rs. 60

B. Rs. 90

C. Rs. 72

D. Rs. 80

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Correct Answer: Option D

Explanation:
Let Cost Price = x. Profit percentage = x%. Selling Price = x * (1 + x/100) = 144. x^2 + 100x - 14400 = 0. Solving gives x = 80. Cost Price = Rs. 80.

This question belongs to: Maths Profit And Loss

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