If the selling price of an article is Rs. 504 and the profit is 12%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 504 and the profit is 12%, find the cost price.

A. Rs. 470

B. Rs. 450

C. Rs. 440

D. Rs. 460

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 504 / 1.12 = 450.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 250

B. Rs. 270

C. Rs. 260

D. Rs. 240

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Correct Answer: Option A

Explanation:
CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a TV for Rs. 13500, losing 10%. Find the cost price.

A. Rs. 15500

B. Rs. 14500

C. Rs. 14000

D. Rs. 15000

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 13500 / 0.9 = 15000.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 20%

B. 10%

C. 5%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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