This set of Aptitude Questions and Answers (MCQs) focuses on “Cost Price and Selling Price”.
1. The profit on selling an article was double of its cost price. If the selling price was 900, find the cost price.
a) 100
b) 200
c) 300
d) 350
View Answer
Explanation: Profit = twice of cost price.
Let the cost price be x.
Profit = 2x
Selling price = x + 2x = 3x = 900
X = 900 / 3 = 300
X = 300
2. The cost price of an article is 65% of its selling price. If the profit is 560 rupees, find the selling price.
a) 1600 rupees
b) 2000 rupees
c) 2500 rupees
d) 2250 rupees
View Answer
Explanation: The cost price is 65% of selling price.
Let the selling price be x.
Cost price = 65% of x = 0.65x
Profit = x – 0.65x = 0.35x = 560
X = 560 / 35 * 100 = 1600 rupees
3. The cost price of an article is 4000 rupees. The loss occurred is 20% of the selling price. Find the selling price.
a) 2290 rupees
b) 3100 rupees
c) 3200 rupees
d) 3333 rupees
View Answer
Explanation: Let the selling price be x.
The loss occurred = 20% of x = 0.2x
Cost price = 4000 rupees
Cost price – loss = selling price
4000 – 0.2x = x
1.2x = 4000
X = 4000 / 1.2 = 3333.33 rupees ≈ 3333 rupees
4. The selling price of an article is 20% more than the profit made on selling the article. If the cost price is 2000 rupees, find the selling price.
a) 4,000 rupees
b) 8,000 rupees
c) 12,000 rupees
d) 15,000 rupees
View Answer
Explanation: Let the profit be x.
The selling price = profit + 20% of the profit = x + 20% of x = 1.2x
The cost price = 2000
Profit = 1.2x – 2000 = x
0.2x = 2000
X = 10,000 rupees
Selling price = 1.2 * x = 1.2 * 10,000 = 12,000 rupees
5. The selling price of an article is 25% less than the loss occurred by selling the article. If the cost price of the article is 5000 rupees, find the selling price.
a) 2143 rupees
b) 2413 rupees
c) 2131 rupees
d) 2134 rupees
View Answer
Explanation: Let the loss occurred be x.
The selling price = 25% less than the loss occurred.
Selling price = x – 25% of x = 0.75x
Cost price = 5,000 rupees
5000 = x + 0.75x = 1.75x
1.75x = 5000, x = 5000 / 1.75 = 2857.1
Selling price = 0.75x = 2875.1 * 0.75 = 2142.85 ≈ 2143 rupees
6. The selling price of an article is 2000 rupees. Find the cost price if the profit is 25% of the cost price.
a) 1500 rupees
b) 1600 rupees
c) 1700 rupees
d) 1800 rupees
View Answer
Explanation: Let the cost price be x.
The profit is 25% of x = 0.25x
The selling price = x + 0.25x = 1.25x
Selling price = 2000 rupees (given)
1.25x = 2000
X = 2000 / 1.25 = 1600 rupees
7. The selling price and the cost price of an article are in a ratio 5: 4. If the profit is 2000 rupees, find the selling price.
a) 10,000 rupees
b) 12,000 rupees
c) 15,000 rupees
d) 20,000 rupees
View Answer
Explanation: Let the cost price and the selling price be in terms of x.
Cost price = 4x, selling price = 5x
Profit = selling price – cost price = 5x – 4x = x
Profit = 2000 (given)
X = 2000
5x = 2000 * 5 = 10,000 rupees
8. The selling price of an article is 500 rupees more than the cost price. The cost incurred in selling the article is 200 rupees. If the profit percent is 30%, find the cost price.
a) 600 rupees
b) 1000 rupees
c) 1200 rupees
d) 1400 rupees
View Answer
Explanation: Let the cost price of the article be x.
The selling price = x + 500 rupees
Profit = 500 – excess cost = 500 – 200 = 300 rupees
Profit percent = 30%
300 = 30% of cost price
Cost price = 300 / 30 * 100 = 1,000 rupees
9. The cost price of an article is 60% of its selling price. If the profit is 840 rupees, find the selling price.
a) 2000 rupees
b) 2100 rupees
c) 2300 rupees
d) 3000 rupees
View Answer
Explanation: Let the selling price be x.
The cost price of the article = 60% of its selling price = 60% of x = 0.6x
The profit = x – 0.6x = 0.4x = 840
X = 840 / 0.4 * 1 = 2100 rupees
10. The Selling price of an article is 80% more than the loss occurred by selling the article. If the cost price is 4500, find the selling price.
a) 2893 rupees
b) 2895 rupees
c) 2899 rupees
d) 2890 rupees
View Answer
Explanation: Let the loss occurred be x.
The selling price = loss + 80% of the loss
Selling price = x + 80% of x = x + 0.8x = 1.8x
The cost price = 4500 rupees
Selling price + loss = cost price
1.8x + x = 4500
2.8x = 4500
X = 4500 / 2.8
Selling price = 1.8x = 4500 / 2.8 * 1.8 = 2892.85 rupees ≈ 2893 rupees
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