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. 390

B. Rs. 385

C. Rs. 400

D. Rs. 410

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 grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. Find his total gain percentage.

A. 35%

B. 30%

C. 37.5%

D. 40%

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Correct Answer: Option C

Explanation:
Let 1000g cost Rs. 100. He sells 800g (cost Rs. 80) for Rs. 110. Profit = 110 - 80 = 30. Profit % = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 12%

B. 15%

C. 10%

D. 8%

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Correct Answer: Option D

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Question #3

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 440

B. Rs. 430

C. Rs. 437

D. Rs. 445

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Correct Answer: Option C

Explanation:
Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

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