A shopkeeper buys a product for Rs. 450 and sells it at a loss of 8%. What is the selling price? MCQ with Answer and Explanation

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A shopkeeper buys a product for Rs. 450 and sells it at a loss of 8%. What is the selling price?

A. Rs. 400

B. Rs. 420

C. Rs. 430

D. Rs. 414

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 8% of 450 = 36, SP = 450 - 36 = 414.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a mobile for Rs. 5000 and sells it for Rs. 6000. What is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 1000, profit% = 1000/5000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 500

B. Rs. 483

C. Rs. 470

D. Rs. 490

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Correct Answer: Option B

Explanation:
SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage?

A. 8%

B. 10%

C. 15%

D. 20%

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Correct Answer: Option B

Explanation:
Loss = 20, loss% = 20/200*100=10%.

This question belongs to: Maths Profit And Loss

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