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. 540

B. Rs. 500

C. Rs. 520

D. Rs. 550

Answer: Option D

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

A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price.

A. Rs. 950

B. Rs. 920

C. Rs. 900

D. Rs. 880

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Correct Answer: Option C

Explanation:
CP = 1080 / 1.20 = 900.

This question belongs to: Maths Profit And Loss

Question #2

An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage?

A. 18%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Marked Price = 1500. Selling Price = 1200. Discount = 1500 - 1200 = 300. Discount percentage = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper sells a chair for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 540

B. Rs. 480

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

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