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. 4800

B. Rs. 5400

C. Rs. 5200

D. Rs. 5000

Answer: Option D

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

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Question #1

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If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 370

B. Rs. 360

C. Rs. 340

D. Rs. 350

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 552

B. Rs. 560

C. Rs. 550

D. Rs. 540

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Correct Answer: Option A

Explanation:
SP = 480 * 1.15 = 552.

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Question #3

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The cost price of an article is Rs. 240. If it is sold at a loss of 12.5%, what is the selling price?

A. Rs. 220

B. Rs. 215

C. Rs. 205

D. Rs. 210

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Correct Answer: Option D

Explanation:
Loss = 12.5% of 240 = 30, SP = 240 - 30 = 210.

This question belongs to: Maths Profit And Loss

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