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. 500

B. Rs. 490

C. Rs. 480

D. Rs. 520

Answer: Option A

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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The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 15%

B. 25%

C. 20%

D. 16.67%

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Correct Answer: Option C

Explanation:
Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 12 items for Rs. 60, a man loses 25%. How many items must he sell for Rs. 100 to gain 25%?

A. 15

B. 16

C. 10

D. 12

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Correct Answer: Option D

Explanation:
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.

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Question #3

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If the marked price of an article is Rs. 800 and it is sold at a discount of 15%, what is the selling price?

A. Rs. 760

B. Rs. 720

C. Rs. 640

D. Rs. 680

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Correct Answer: Option D

Explanation:
SP = 800 * (1 - 0.15) = 800 * 0.85 = 680.

This question belongs to: Maths Profit And Loss

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