If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price? MCQ with Answer and Explanation

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 700

B. Rs. 840

C. Rs. 900

D. Rs. 800

Answer: Option D

Solution (By JKSSB Mock Tests)

Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

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 the selling price is Rs. 540, what is the profit percentage?

A. 25%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks an article at Rs. 600 and gives a discount of 15%. What is the selling price?

A. Rs. 510

B. Rs. 490

C. Rs. 500

D. Rs. 520

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Correct Answer: Option A

Explanation:
SP = 600*0.85 = 510.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1050

B. Rs. 1100

C. Rs. 980

D. Rs. 1000

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Correct Answer: Option D

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

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