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

Question

Share Report Error

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

A. Rs. 2300

B. Rs. 2400

C. Rs. 2600

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

What is the single equivalent discount for three successive discounts of 10%, 20%, and 25%?

A. 50%

B. 55%

C. 45%

D. 46%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let Marked Price = 100. Price after 10% discount = 90. Price after 20% discount = 90 * 0.80 = 72. Price after 25% discount = 72 * 0.75 = 54. Total discount = 100 - 54 = 46. Equivalent discount percentage = 46%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If goods are purchased for Rs. 450 and one-third is sold at a loss of 10%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 30%

B. 40%

C. 35%

D. 32%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Total cost = 450. Total desired SP = 450 * 1.2 = 540. CP of one-third = 150. SP of one-third at 10% loss = 150 * 0.9 = 135. Required SP for remainder = 540 - 135 = 405. CP of remainder = 300. Profit required = 405 - 300 = 105. Profit % = (105 / 300) * 100 = 35%.

This question belongs to: Maths Profit And Loss