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

A. Rs. 300

B. Rs. 310

C. Rs. 290

D. Rs. 320

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 330 / 1.1 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 310

B. Rs. 340

C. Rs. 320

D. Rs. 300

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Correct Answer: Option C

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a book at a 16% loss. Had he sold it for Rs. 42 more, he would have gained 12%. What is the cost price of the book?

A. Rs. 150

B. Rs. 160

C. Rs. 120

D. Rs. 140

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Correct Answer: Option A

Explanation:
Difference in percentage = 12% - (-16%) = 28%. 28% of Cost Price = 42. Cost Price = (42 / 28) * 100 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 35% above cost and gives a discount of 10%. What is his profit percent?

A. 25%

B. 21.5%

C. 20%

D. 18%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

This question belongs to: Maths Profit And Loss

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