Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi. MCQ with Answer and Explanation

Question

Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi.

A. Rs. 1100

B. Rs. 900

C. Rs. 1200

D. Rs. 1000

Answer: Option D

Solution (By JKSSB Mock Tests)

Let Ravi's Cost Price = X. X * 1.10 * 1.20 = 1320. 1.32X = 1320. X = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 2%

B. 10%

C. 0%

D. 5%

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Correct Answer: Option C

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Question #2

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A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?

A. 30%

B. 26%

C. 25%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.

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Question #3

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 135

B. Rs. 125

C. Rs. 130

D. Rs. 128

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Correct Answer: Option D

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

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