A man sells a watch for Rs. 560, gaining 12%. Find the cost price. MCQ with Answer and Explanation

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

A. Rs. 540

B. Rs. 480

C. Rs. 520

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sold a watch for Rs. 960, gaining 20%. What was its cost price?

A. Rs. 800

B. Rs. 780

C. Rs. 840

D. Rs. 820

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Correct Answer: Option A

Explanation:
CP = 960/1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?

A. 32%

B. 33%

C. 35%

D. 30%

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Correct Answer: Option A

Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 20%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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