A trader sells an article at a profit of 20%. Had he bought it at 10% less and sold it for Rs. 30 more, he would have gained 40%. Find the cost price. MCQ with Answer and Explanation

Question Report Error

A trader sells an article at a profit of 20%. Had he bought it at 10% less and sold it for Rs. 30 more, he would have gained 40%. Find the cost price.

A. Rs. 600

B. Rs. 400

C. Rs. 700

D. Rs. 500

Answer: Option D

Solution (By JKExamLibrary)

CP=x, SP=1.2x. New CP=0.9x, new SP=1.2x+30. Profit 40% on new CP → 1.2x+30 = 1.4×0.9x = 1.26x → 30 = 0.06x → x=500.

This question belongs to: Maths Percentage

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Percentage Questions

Question #1 Report Error

Price up 20%, person buys 2 kg less for Rs. 60. Original price/kg:

A. Rs. 7

B. Rs. 4

C. Rs. 5

D. Rs. 6

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Original price x, xy=60. New 1.2x(y-2)=60 → 1.2×60 - 2.4x =60 → x=5.

This question belongs to: Maths Percentage

Question #2 Report Error

Length, breadth, height increased 10%, 20%, 30%. % increase in volume:

A. 71.6%

B. 72.8%

C. 66%

D. 60%

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
1.1×1.2×1.3 = 1.716, increase 71.6%.

This question belongs to: Maths Percentage

Question #3 Report Error

What is 15% of 60?

A. 15

B. 12

C. 9

D. 6

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
15% of 60 = (15 / 100) * 60 = 9.

This question belongs to: Maths Percentage

Explore All Percentage MCQs