A man sells a watch for Rs. 880, gaining 10%. Find the cost price. MCQ with Answer and Explanation

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A man sells a watch for Rs. 880, gaining 10%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 840

D. Rs. 820

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 210

B. Rs. 204

C. Rs. 198

D. Rs. 216

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Correct Answer: Option B

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 8%

B. 10%

C. 12%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 70, profit% = 70/350*100 = 20%.

This question belongs to: Maths Profit And Loss

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