A dealer sells a book at a loss of 5%. If the selling price is Rs. 190, what is the cost price? MCQ with Answer and Explanation

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A dealer sells a book at a loss of 5%. If the selling price is Rs. 190, what is the cost price?

A. Rs. 210

B. Rs. 195

C. Rs. 185

D. Rs. 200

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 190/0.95 = 200.

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. 660 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 580

B. Rs. 610

C. Rs. 600

D. Rs. 594

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Correct Answer: Option D

Explanation:
Loss = 10% of 660 = 66, SP = 660 - 66 = 594.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 8.5%

C. 15%

D. 12%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 155, SP = 155*0.7 = 108.5, profit = 8.5%.

This question belongs to: Maths Profit And Loss

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