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. 460

B. Rs. 440

C. Rs. 450

D. Rs. 470

Answer: Option C

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 man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 520

B. Rs. 480

C. Rs. 540

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 850

B. Rs. 800

C. Rs. 780

D. Rs. 820

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Correct Answer: Option B

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 500

B. Rs. 530

C. Rs. 510

D. Rs. 517.65

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Correct Answer: Option D

Explanation:
SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

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