If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 385

B. Rs. 410

C. Rs. 400

D. Rs. 390

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 600

B. Rs. 550

C. Rs. 500

D. Rs. 650

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Correct Answer: Option A

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 25%

B. 20%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
Gain = 5, gain% = 5/20*100=25%.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 850

D. Rs. 800

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

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