The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

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The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 385

B. Rs. 370

C. Rs. 380

D. Rs. 390

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

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Question #1

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If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 200

B. Rs. 208

C. Rs. 190

D. Rs. 210

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Correct Answer: Option A

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price.

A. Rs. 350

B. Rs. 360

C. Rs. 330

D. Rs. 340

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 315 / 0.9 = 350.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 410

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

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