A man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price. MCQ with Answer and Explanation

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A man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 385

B. Rs. 400

C. Rs. 390

D. Rs. 410

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 15%

B. 25%

C. 20%

D. 16%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 310

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a fan for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 640

B. Rs. 580

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

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