If the selling price of an article is Rs. 384 and the profit is 28%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 384 and the profit is 28%, find the cost price.

A. Rs. 310

B. Rs. 320

C. Rs. 300

D. Rs. 290

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 384 / 1.28 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A dishonest dealer cheats by 20% while buying and 20% while selling using false weights. He marks up his goods by 10%. Find his true overall profit percentage.

A. 55%

B. 65%

C. 70%

D. 60%

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Correct Answer: Option B

Explanation:
Buying cheat: gets 120g for price of 100g (multiplier = 1.2). Selling cheat: gives 80g for price of 100g (multiplier = 1 / 0.8 = 1.25). Markup: 10% (multiplier = 1.1). Total multiplier = 1.2 * 1.25 * 1.1 = 1.65. Profit percentage = 65%.

This question belongs to: Maths Profit And Loss