If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price? MCQ with Answer and Explanation

Question

Share Report Error

If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price?

A. Rs. 360

B. Rs. 400

C. Rs. 420

D. Rs. 380

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is:

A. 33.33%

B. 30%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Gain = Selling Price of 50. Gain = Selling Price of 250 - Cost Price of 250. Selling Price of 50 = Selling Price of 250 - Cost Price of 250. Cost Price of 250 = Selling Price of 200. Cost Price / Selling Price = 200 / 250 = 4 / 5. Profit = 1 unit on CP 4. Profit percentage = (1 / 4) * 100 = 25%.

This question belongs to: Maths Profit And Loss