If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 450

B. Rs. 520

C. Rs. 500

D. Rs. 480

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 75% of CP => CP = 375 / 0.75 = 500.

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. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. No profit no loss

B. 6.25% loss

C. 6.25% profit

D. 5% loss

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Correct Answer: Option B

Explanation:
When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

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Question #3

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Successive discounts of 30% and 10% are equivalent to a single discount of:

A. 45%

B. 42%

C. 37%

D. 40%

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Correct Answer: Option C

Explanation:
Equivalent discount = A + B - (AB/100) = 30 + 10 - (300/100) = 40 - 3 = 37%.

This question belongs to: Maths Profit And Loss

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