A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price. MCQ with Answer and Explanation

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A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 11500

B. Rs. 12500

C. Rs. 12000

D. Rs. 13000

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. Loss 5%

B. No profit no loss

C. Loss 2.5%

D. Profit 2.5%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

Question #2

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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. 600

B. Rs. 650

C. Rs. 550

D. Rs. 500

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Correct Answer: Option A

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 #3

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A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price.

A. Rs. 520

B. Rs. 460

C. Rs. 500

D. Rs. 480

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Correct Answer: Option C

Explanation:
SP = 88% of CP => CP = 440 / 0.88 = 500.

This question belongs to: Maths Profit And Loss

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