Selected MCQ

Current Question
A person sells an article at 10% loss. If he had bought it at 20% less and sold it for Rs. 55 more, he would have gained 40%. Find the cost price.
  • A. Rs. 200
  • B. Rs. 225
  • C. Rs. 250
  • D. None
Correct Answer: C
Explanation:
Solving the Equation gives CP = Rs. 250.
Related Question 1
A person buys an article and sells it at 10% loss. If he had bought 20% cheaper and sold Rs. 75 less, he would gain 25%. What is CP?
  • A. Rs. 250
  • B. Rs. 225
  • C. Rs. 275
  • D. Rs. 200
Correct Answer: A
Explanation:
Equation solving yields CP = Rs. 250.
Related Question 2
A man buys an article and sells it at 20% profit. If he had bought it 20% cheaper and sold it for Rs. 75 less, the profit would be 25%. What is the cost price?
  • A. Rs. 370
  • B. Rs. 375
  • C. Rs. 350
  • D. Rs. 300
Correct Answer: B
Explanation:
Solving the simultaneous equations gives CP = Rs. 375.
Related Question 3
An article is bought for Rs. 600 and sold for Rs. 500. Find the loss percent.
  • A. 16⅔%
  • B. 100/3%
  • C. 16%
  • D. 16⅔%
Correct Answer: D
Explanation:
Loss = 100 → (100/600)×100 = 16⅔%.
Related Question 4
A man buys an article at 10% less than its value and sells it at 10% more. What is his gain percent?
  • A. No profit
  • B. 20%
  • C. Less than 20%
  • D. More than 20%
Correct Answer: D
Explanation:
The combined effect gives more than 20% gain.
Related Question 5
A man buys an article for Rs. 500 and sells it at a loss of 10%. Selling price is ____.
  • A. Rs. 450
  • B. Rs. 400
  • C. Rs. 480
  • D. Rs. 420
Correct Answer: A
Explanation:
SP = 90% of 500 = 450.