A shopkeeper incurs a 10% loss by selling an item for Rs. 1800. At what price should he sell the item to earn a 10% profit? MCQ with Answer and Explanation

Question

A shopkeeper incurs a 10% loss by selling an item for Rs. 1800. At what price should he sell the item to earn a 10% profit?

A. Rs. 2000

B. Rs. 2100

C. Rs. 2400

D. Rs. 2200

Answer: Option D

Solution (By JKSSB Mock Tests)

Cost price = Selling price / 0.90 = 1800 / 0.90 = Rs. 2000. Desired Selling price = 110% of Cost price = 1.10 * 2000 = Rs. 2200.

This question belongs to: Maths Profit And Loss

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The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 600

B. Rs. 900

C. Rs. 800

D. Rs. 750

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Correct Answer: Option D

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

This question belongs to: Maths Profit And Loss