Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi. MCQ with Answer and Explanation

Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi.

A. Rs. 900

B. Rs. 1000

C. Rs. 1100

D. Rs. 1200

Answer: Option B

Let Ravi's Cost Price = X. X * 1.10 * 1.20 = 1320. 1.32X = 1320. X = 1000.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 208

B. Rs. 210

C. Rs. 190

D. Rs. 200

Correct Answer: Option D

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A person sells a bag for Rs. 540, making a profit of 8%. What was the cost price?

A. Rs. 500

B. Rs. 510

C. Rs. 480

D. Rs. 520

Correct Answer: Option A

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the cost price of an article is Rs. 560 and it is sold at a profit of 12.5%, what is the selling price?

A. Rs. 650

B. Rs. 620

C. Rs. 640

D. Rs. 630

Correct Answer: Option D

Explanation:
SP = 560 * 1.125 = 630.

This question belongs to: Maths Profit And Loss