An article is sold for Rs. 1020, resulting in a 20% loss. Find the cost price. MCQ with Answer and Explanation

An article is sold for Rs. 1020, resulting in a 20% loss. Find the cost price.

A. Rs. 1300

B. Rs. 1250

C. Rs. 1275

D. Rs. 1200

Answer: Option C

80% of CP = 1020. CP = 1020 / 0.8 = Rs. 1275.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 875

B. Rs. 900

C. Rs. 863.41

D. Rs. 850

Correct Answer: Option C

Explanation:
SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 33.33%

B. 25%

C. 50%

D. 40%

Correct Answer: Option A

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 12.5%

C. 20%

D. 10%

Correct Answer: Option B

Explanation:
Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss