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

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

A. Rs. 840

B. Rs. 820

C. Rs. 780

D. Rs. 800

Answer: Option D

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 dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 4%

B. 10%

C. 6%

D. 8%

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 224 and the loss is 20%, find the cost price.

A. Rs. 270

B. Rs. 280

C. Rs. 260

D. Rs. 290

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Correct Answer: Option B

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Question #3

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If goods are purchased for Rs. 450 and one-third is sold at a loss of 10%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 32%

B. 40%

C. 35%

D. 30%

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Correct Answer: Option C

Explanation:
Total cost = 450. Total desired SP = 450 * 1.2 = 540. CP of one-third = 150. SP of one-third at 10% loss = 150 * 0.9 = 135. Required SP for remainder = 540 - 135 = 405. CP of remainder = 300. Profit required = 405 - 300 = 105. Profit % = (105 / 300) * 100 = 35%.

This question belongs to: Maths Profit And Loss

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