A man sells a watch for Rs. 650, gaining 30%. Find the cost price. MCQ with Answer and Explanation

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A man sells a watch for Rs. 650, gaining 30%. Find the cost price.

A. Rs. 520

B. Rs. 550

C. Rs. 480

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 650 / 1.30 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 9 articles is equal to the selling price of 10 articles, find the loss percent.

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 9 = 9, SP of 10 = 9 => SP of 1 = 9/10 = 0.9, loss = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper bought an article for Rs. 500 and sold it for Rs. 600. What is his profit percentage?

A. 10%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = Selling Price (SP) - Cost Price (CP) = 600 - 500 = 100. Profit Percentage = (Profit / CP) * 100 = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

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