Ravi sold an item for Rs. 4600 and incurred a loss. Had he sold it for Rs. 5800, his profit would have been double the loss. Find the cost price. MCQ with Answer and Explanation

Question

Ravi sold an item for Rs. 4600 and incurred a loss. Had he sold it for Rs. 5800, his profit would have been double the loss. Find the cost price.

A. Rs. 5400

B. Rs. 5000

C. Rs. 4800

D. Rs. 5200

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP be x. Loss = x - 4600. Profit = 5800 - x. Given: 5800 - x = 2 * (x - 4600). 5800 - x = 2x - 9200. 3x = 15000. x = 5000.

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

Share Report

A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage.

A. 115%

B. 120%

C. 100%

D. 125%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Cost Price of 1 pencil = 2 / 3. Selling Price of 1 pencil = 3 / 2. Profit = (3 / 2) - (2 / 3) = (9 - 4) / 6 = 5 / 6. Profit percentage = ((5 / 6) / (2 / 3)) * 100 = (5 / 4) * 100 = 125%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage?

A. 10%

B. 25%

C. 15%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Profit = 30 - 25 = 5. Profit% = (5/25)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A trader allows a discount of 20% on the marked price and still gains 15%. If the cost price is Rs. 600, find the marked price.

A. Rs. 875

B. Rs. 900

C. Rs. 862.5

D. Rs. 850

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 600*1.15 = 690. MP = 690 / 0.8 = 862.5.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs