The selling price of an article is Rs. 720. If the profit is 20%, what is the cost price? MCQ with Answer and Explanation

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The selling price of an article is Rs. 720. If the profit is 20%, what is the cost price?

A. Rs. 620

B. Rs. 640

C. Rs. 580

D. Rs. 600

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 720/1.2 = 600.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of 9 articles is equal to the cost price of 10 articles, find the gain percent.

A. 12%

B. 15%

C. 11.11%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1. CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks an article at Rs. 900 and sells it at a discount of 10%. What is the selling price?

A. Rs. 790

B. Rs. 800

C. Rs. 810

D. Rs. 820

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Correct Answer: Option C

Explanation:
SP = 900*0.9 = 810.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 25%

B. 15%

C. 20%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

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