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. 520

C. Rs. 480

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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If the cost price of an article is Rs. 450 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 410

B. Rs. 400

C. Rs. 405

D. Rs. 415

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Correct Answer: Option C

Explanation:
Loss = 10% of 450 = 45, SP = 450 - 45 = 405.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price.

A. Rs. 350

B. Rs. 340

C. Rs. 330

D. Rs. 360

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 315 / 0.9 = 350.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 15%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option B

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

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