An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%? MCQ with Answer and Explanation

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An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%?

A. Rs. 240

B. Rs. 280

C. Rs. 260

D. Rs. 250

Answer: Option A

Solution (By JKExamLibrary)

SP1 = 1.2 CP => CP = 360/1.2 = 300. Loss 20% => SP = 300*0.8 = 240.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price.

A. Rs. 900

B. Rs. 750

C. Rs. 800

D. Rs. 850

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 240

B. Rs. 250

C. Rs. 260

D. Rs. 245

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10 less, he would have gained 30%. Find the cost price of the article.

A. Rs. 250

B. Rs. 180

C. Rs. 200

D. Rs. 220

View Answer & Solution Discuss

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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