A man sells a watch for Rs. 700, gaining 40%. Find the cost price. MCQ with Answer and Explanation

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 550

D. Rs. 480

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price?

A. Rs. 900

B. Rs. 1000

C. Rs. 850

D. Rs. 950

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Correct Answer: Option A

Explanation:
SP after discount = 1200*0.9 = 1080. CP = 1080 / 1.2 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 480

B. Rs. 520

C. Rs. 510

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option B

Explanation:
CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

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