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 person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV?

A. Rs. 10200

B. Rs. 9600

C. Rs. 10000

D. Rs. 9800

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Correct Answer: Option D

Explanation:
Let Cost Price = x. Loss = x - 9400. Profit = 10600 - x. Profit = 2 * Loss. 10600 - x = 2 * (x - 9400). 10600 - x = 2x - 18800. 3x = 29400. x = 9800.

This question belongs to: Maths Profit And Loss