If the selling price of an article is Rs. 480 and the profit is 20%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 480 and the profit is 20%, find the cost price.

A. Rs. 440

B. Rs. 420

C. Rs. 380

D. Rs. 400

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 450 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 405

B. Rs. 410

C. Rs. 415

D. Rs. 400

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Correct Answer: Option A

Explanation:
Loss = 10% of 450 = 45, SP = 450 - 45 = 405.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 65% above cost and gives a discount of 30%. What is his profit percent?

A. 12%

B. 18%

C. 20%

D. 15.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 270 and the profit is 35%, find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 200

D. Rs. 220

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Correct Answer: Option C

Explanation:
CP = 270 / 1.35 = 200.

This question belongs to: Maths Profit And Loss

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