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

Question

Share Report Error

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

A. Rs. 310

B. Rs. 300

C. Rs. 320

D. Rs. 290

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 384 / 1.28 = 300.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent.

A. 40%

B. 20%

C. 30%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 5 = 7 => SP of 1 = 7/5 = 1.4, gain = 40%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 11500

B. Rs. 12000

C. Rs. 12500

D. Rs. 13000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A person buys a house and a car for Rs. 5,00,000 each. He sells the house at a 20% profit and the car at a 10% loss. What is his overall profit or loss percentage?

A. 2.5% profit

B. 5% profit

C. 10% profit

D. 5% loss

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Total Cost Price = 10,00,000. Profit on house = 1,00,000. Loss on car = 50,000. Net profit = 50,000. Profit percentage = (50,000 / 10,00,000) * 100 = 5% profit.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs