If the selling price of an article is Rs. 390 and the profit is 30%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 390 and the profit is 30%, find the cost price.

A. Rs. 310

B. Rs. 290

C. Rs. 300

D. Rs. 320

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 390 / 1.30 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 156 and the profit is 30%, find the cost price.

A. Rs. 120

B. Rs. 140

C. Rs. 130

D. Rs. 110

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Correct Answer: Option A

Explanation:
CP = 156 / 1.30 = 120.

This question belongs to: Maths Profit And Loss

Question #2

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An article was sold at a 10% loss. Had it been sold for Rs. 108 more, there would have been an 8% profit. Find the cost price.

A. Rs. 600

B. Rs. 500

C. Rs. 650

D. Rs. 700

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Correct Answer: Option A

Explanation:
Difference in percentage = 8% - (-10%) = 18%. 18% of Cost Price = 108. Cost Price = (108 / 18) * 100 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article for Rs. 735, gaining 5%. Find the cost price.

A. Rs. 740

B. Rs. 720

C. Rs. 700

D. Rs. 680

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Correct Answer: Option C

Explanation:
CP = 735 / 1.05 = 700.

This question belongs to: Maths Profit And Loss

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