A person sells a watch for Rs. 900, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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

A. Rs. 820

B. Rs. 780

C. Rs. 840

D. Rs. 800

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys 200 pens at Rs. 12 each and sells 150 pens at Rs. 15 each and the remaining at Rs. 10 each. What is his profit or loss percentage?

A. Profit 10%

B. No profit no loss

C. Loss 6.25%

D. Profit 6.25%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 450

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Correct Answer: Option A

Explanation:
SP = 75% of CP => CP = 375 / 0.75 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 18%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

This question belongs to: Maths Profit And Loss

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