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

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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. 550

B. Rs. 540

C. Rs. 500

D. Rs. 520

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option B

Explanation:
CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

Question #2

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 820

B. Rs. 780

C. Rs. 810

D. Rs. 800

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Correct Answer: Option C

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 600

B. Rs. 620

C. Rs. 640

D. Rs. 580

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Correct Answer: Option A

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

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