A dealer sells a product for Rs. 380, losing 5%. What is the cost price? MCQ with Answer and Explanation

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A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 390

B. Rs. 385

C. Rs. 400

D. Rs. 410

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 540

B. Rs. 550

C. Rs. 500

D. Rs. 520

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Correct Answer: Option B

Explanation:
CP = 450 / 0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a watch for Rs. 560, gaining 12%. Find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 540

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Correct Answer: Option C

Explanation:
CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%?

A. Rs. 530

B. Rs. 520

C. Rs. 500

D. Rs. 550

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Correct Answer: Option D

Explanation:
CP = 450/0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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