If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price.

A. Rs. 310

B. Rs. 300

C. Rs. 290

D. Rs. 320

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 330 / 1.10 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 950

B. Rs. 1000

C. Rs. 1100

D. Rs. 1028.57

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 145

B. Rs. 150

C. Rs. 160

D. Rs. 140

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Correct Answer: Option B

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 520

B. Rs. 540

C. Rs. 500

D. Rs. 550

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Correct Answer: Option D

Explanation:
CP = 450 / 0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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