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. 820

D. Rs. 840

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 person purchased an item for Rs. 700 and sold it at a loss of 15%. What is the selling price?

A. Rs. 595

B. Rs. 615

C. Rs. 580

D. Rs. 600

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Correct Answer: Option A

Explanation:
Loss = 15% of 700 = 105, SP = 700 - 105 = 595.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 25%

B. 20%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

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