A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price.

A. Rs. 520

B. Rs. 460

C. Rs. 480

D. Rs. 500

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 88% of CP => CP = 440 / 0.88 = 500.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 210

B. Rs. 198

C. Rs. 216

D. Rs. 204

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Correct Answer: Option D

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 25%

B. 20%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 42

B. Rs. 38

C. Rs. 40

D. Rs. 44

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Correct Answer: Option C

Explanation:
CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

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