A person sold a watch for Rs. 960, gaining 20%. What was its cost price? MCQ with Answer and Explanation

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A person sold a watch for Rs. 960, gaining 20%. What was its cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 840

D. Rs. 800

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 960/1.2 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader sells an article for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 500

B. Rs. 510

C. Rs. 480

D. Rs. 520

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Correct Answer: Option A

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1000

B. Rs. 1050

C. Rs. 980

D. Rs. 1100

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Correct Answer: Option A

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 205

B. Rs. 200

C. Rs. 210

D. Rs. 195

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

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