A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV? MCQ with Answer and Explanation

Question

A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV?

A. Rs. 9600

B. Rs. 10200

C. Rs. 9800

D. Rs. 10000

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Cost Price = x. Loss = x - 9400. Profit = 10600 - x. Profit = 2 * Loss. 10600 - x = 2 * (x - 9400). 10600 - x = 2x - 18800. 3x = 29400. x = 9800.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 520

B. Rs. 500

C. Rs. 540

D. Rs. 550

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Correct Answer: Option D

Explanation:
CP = 450 / 0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

Question #2

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

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1. CP of 15 = 15, SP of 12 = 15 => SP of 1 = 15/12 = 1.25, profit = 25%.

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Question #3

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 190

B. Rs. 208

C. Rs. 200

D. Rs. 210

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Correct Answer: Option C

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

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