If the selling price of an article is Rs. 405 and the profit is 35%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 405 and the profit is 35%, find the cost price.

A. Rs. 320

B. Rs. 310

C. Rs. 300

D. Rs. 290

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 405 / 1.35 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 390

B. Rs. 410

C. Rs. 400

D. Rs. 385

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Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells two machines for Rs. 9600 each. On one he gains 20% and on the other he loses 20%. Find his total loss or gain in rupees.

A. No loss no gain

B. Rs. 800 gain

C. Rs. 800 loss

D. Rs. 400 loss

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Correct Answer: Option C

Explanation:
Cost Price of first machine = 9600 / 1.20 = 8000. Cost Price of second machine = 9600 / 0.80 = 12000. Total Cost Price = 8000 + 12000 = 20000. Total Selling Price = 9600 + 9600 = 19200. Loss = 20000 - 19200 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 10%

B. 2%

C. 5%

D. 8%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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