If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 300

D. Rs. 310

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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The marked price of an article is Rs. 5000. A shopkeeper gives two successive discounts of x% and 20%. If the customer pays Rs. 3400, find the value of x.

A. 12

B. 15

C. 10

D. 18

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Correct Answer: Option B

Explanation:
Price after 20% discount = 5000 * 0.80 = 4000. Further discount given = 4000 - 3400 = 600. Discount percentage x = (600 / 4000) * 100 = 15%.

This question belongs to: Maths Profit And Loss