A person sells a book at a loss of 8%. If the selling price is Rs. 184, find the cost price. MCQ with Answer and Explanation

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A person sells a book at a loss of 8%. If the selling price is Rs. 184, find the cost price.

A. Rs. 185

B. Rs. 200

C. Rs. 210

D. Rs. 190

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 92% of CP => CP = 184 / 0.92 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 700

B. Rs. 680

C. Rs. 650

D. Rs. 720

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Question #2

A trader sold a bicycle at a profit of 10%. Had he bought it at 10% less and sold it for Rs. 12 more, he would have gained 25%. Find the cost price.

A. Rs. 400

B. Rs. 480

C. Rs. 600

D. Rs. 500

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Correct Answer: Option B

Explanation:
Let CP = 100x. Initial SP = 110x. New CP = 90x. New SP = 110x + 12. New profit is 25% on 90x = 22.5x. New SP = 90x + 22.5x = 112.5x. 112.5x - 110x = 12. 2.5x = 12. x = 4.8. CP = 100 * 4.8 = Rs. 480.

This question belongs to: Maths Profit And Loss

Question #3

A person sells a watch for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 840

B. Rs. 800

C. Rs. 820

D. Rs. 780

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Correct Answer: Option B

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

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