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Shortcut used: Write CP and SP first, then decide profit or loss before using percentage.
Solve in 3 steps:
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Common mistake: Do not use selling price as the base for profit/loss percentage.
Question 8
Multiple Choice Question
Question
A trader gains 25% by selling an article for Rs. 3,000. What is the cost price?
Explanation
Correct Answer: B
ANSWER
Correct Answer: B
Method / Topic: Profit and Loss
SP = 125% of CP. CP = 3000/1.25 = Rs. 2,400.
Why this answer is correct
Profit or loss percentage is calculated on cost price.
Short Explanation
SP = 125% of CP. CP = 3000/1.25 = Rs. 2,400.
Detailed Explanation
Question
A trader gains 25% by selling an article for Rs. 3,000. What is the cost price?
ANSWER
Correct Answer: B
Method / Topic: Profit and Loss
A 25% profit means selling price equals 1.25 times cost price.
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Question 8
Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Learn + solve
Shortcut used, common trap, and the fastest solving route
Shortcut used: Write CP and SP first, then decide profit or loss before using percentage.
Solve in 3 steps:
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Common mistake: Do not use selling price as the base for profit/loss percentage.
Question
A trader gains 25% by selling an article for Rs. 3,000. What is the cost price?
Explanation
Correct Answer: B
ANSWER
Correct Answer: B
Method / Topic: Profit and Loss
SP = 125% of CP. CP = 3000/1.25 = Rs. 2,400.
Why this answer is correct
Profit or loss percentage is calculated on cost price.
Short Explanation
SP = 125% of CP. CP = 3000/1.25 = Rs. 2,400.
Detailed Explanation
Question
A trader gains 25% by selling an article for Rs. 3,000. What is the cost price?
ANSWER
Correct Answer: B
Method / Topic: Profit and Loss
A 25% profit means selling price equals 1.25 times cost price.
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