If the selling price of an article is Rs. 540 and the loss is 10%, what is the cost price? MCQ with Answer and Explanation

Question

Share Report Error

If the selling price of an article is Rs. 540 and the loss is 10%, what is the cost price?

A. Rs. 580

B. Rs. 500

C. Rs. 600

D. Rs. 560

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = x. Loss 10% => SP = 90% of x = 540 => x = 540/0.9 = 600.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price.

A. Rs. 400

B. Rs. 420

C. Rs. 440

D. Rs. 380

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 560 / 1.40 = 400.

This question belongs to: Maths Profit And Loss

Question #2

A person buys a phone for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 8%

B. 12%

C. 10%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #3

If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price?

A. Rs. 400

B. Rs. 380

C. Rs. 420

D. Rs. 360

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs