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

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

A. Rs. 400

B. Rs. 410

C. Rs. 385

D. Rs. 390

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A man sells a watch for Rs. 560, gaining 12%. Find the cost price.

A. Rs. 540

B. Rs. 520

C. Rs. 480

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 440

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper buys 20 kg of wheat at Rs. 30 per kg and sells at Rs. 36 per kg. What is his profit percentage?

A. 20%

B. 10%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
CP = 20*30 = 600, SP = 20*36 = 720, profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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