A man sells an article at a loss of 5%. If he had sold it for Rs. 60 more, he would have gained 10%. Find the cost price. MCQ with Answer and Explanation

Question

A man sells an article at a loss of 5%. If he had sold it for Rs. 60 more, he would have gained 10%. Find the cost price.

A. Rs. 500

B. Rs. 350

C. Rs. 400

D. Rs. 450

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 500

B. Rs. 600

C. Rs. 650

D. Rs. 550

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Correct Answer: Option B

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

Question #2

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Two items are sold for Rs. 2400 each. One at a 20% profit, the other at a 20% loss. Find the overall loss in rupees.

A. Rs. 100

B. Rs. 400

C. Rs. 0

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP1 = 2400/1.2 = 2000. CP2 = 2400/0.8 = 3000. Total CP = 5000. Total SP = 4800. Loss = 5000 - 4800 = Rs. 200.

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Question #3

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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 240

B. Rs. 250

C. Rs. 260

D. Rs. 270

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Correct Answer: Option B

Explanation:
CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

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