If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price.

A. Rs. 350

B. Rs. 330

C. Rs. 340

D. Rs. 360

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 315 / 0.9 = 350.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 80, profit% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If an article is sold at Rs. 320, there is a loss of 20%. What is its cost price?

A. Rs. 400

B. Rs. 380

C. Rs. 360

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 550

D. Rs. 520

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Correct Answer: Option A

Explanation:
CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

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