A man sells an article for Rs. 735, gaining 5%. Find the cost price. MCQ with Answer and Explanation

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A man sells an article for Rs. 735, gaining 5%. Find the cost price.

A. Rs. 680

B. Rs. 720

C. Rs. 740

D. Rs. 700

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 735 / 1.05 = 700.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is doubled, the profit becomes three times. Find the original profit percent.

A. 100%

B. 66.67%

C. 50%

D. 75%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 10%

B. 20%

C. 15%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

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