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. 2100

B. Rs. 2200

C. Rs. 2000

D. Rs. 2400

Answer: Option B

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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Question #1

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A trader allows a discount of 20% on an article and still gains 25%. If the cost price is Rs. 400, find the marked price.

A. Rs. 600

B. Rs. 625

C. Rs. 650

D. Rs. 700

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 380

B. Rs. 420

C. Rs. 400

D. Rs. 350

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Correct Answer: Option C

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A merchant buys a calculator for Rs. 800 and sells it for Rs. 1000. What is his profit percentage?

A. 25%

B. 30%

C. 20%

D. 22.5%

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Correct Answer: Option A

Explanation:
Profit = Selling Price - Cost Price = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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