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. 800

B. Rs. 780

C. Rs. 840

D. Rs. 820

Answer: Option A

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 man buys a watch for Rs. 1200 and sells it at a profit of 25%. What is the selling price of the watch?

A. Rs. 1400

B. Rs. 1450

C. Rs. 1500

D. Rs. 1600

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Correct Answer: Option C

Explanation:
Profit = 25% of 1200 = 300. Selling Price = Cost Price + Profit = 1200 + 300 = Rs. 1500.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent.

A. 20%

B. 10%

C. 16.67%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 12 = 10 => SP of 1 = 10/12 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 800

B. Rs. 780

C. Rs. 850

D. Rs. 820

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Correct Answer: Option A

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

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