A dealer sells a bag for Rs. 420, losing 16%. Find the cost price. MCQ with Answer and Explanation

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A dealer sells a bag for Rs. 420, losing 16%. Find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 490

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 20%

B. 15%

C. 18%

D. 25%

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Correct Answer: Option A

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 400

B. Rs. 420

C. Rs. 410

D. Rs. 380

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Correct Answer: Option A

Explanation:
CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?

A. Rs. 9

B. Rs. 12

C. Rs. 10

D. Rs. 8

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Correct Answer: Option C

Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

This question belongs to: Maths Profit And Loss

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