A person sells a watch for Rs. 1750, losing 30%. Find the cost price. MCQ with Answer and Explanation

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A person sells a watch for Rs. 1750, losing 30%. Find the cost price.

A. Rs. 2300

B. Rs. 2600

C. Rs. 2400

D. Rs. 2500

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 70% of CP => CP = 1750 / 0.7 = 2500.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 18%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a shirt for Rs. 500 and sells it for Rs. 400. What is the loss percentage?

A. 30%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Loss = 100, loss% = 100/500*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?

A. 32%

B. 33%

C. 30%

D. 35%

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Correct Answer: Option A

Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.

This question belongs to: Maths Profit And Loss

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