A shopkeeper sells a bag for Rs. 380, losing 5%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a bag for Rs. 380, losing 5%. Find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 385

D. Rs. 390

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If the selling price of an article is Rs. 180 and the loss is 10%, find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 210

D. Rs. 185

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper buys two articles for Rs. 1500 in total. He sells the first at a 20% profit and the second at a 10% loss. If his overall profit is Rs. 90, find the cost price of the first article.

A. Rs. 700

B. Rs. 900

C. Rs. 800

D. Rs. 1000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let CP of first = x. CP of second = 1500 - x. Profit = 0.20x - 0.10(1500 - x) = 90. 0.30x - 150 = 90. 0.30x = 240. x = 800.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent.

A. 50%

B. 40%

C. 25%

D. 33.33%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 3 = 3, SP of 2 = 3 => SP of 1 = 3/2 = 1.5, gain = 50%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs