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. 480

B. Rs. 460

C. Rs. 520

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 trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1000

D. Rs. 1100

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of 30% and 10% are equivalent to a single discount of:

A. 37%

B. 42%

C. 45%

D. 40%

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Correct Answer: Option A

Explanation:
Equivalent discount = A + B - (AB/100) = 30 + 10 - (300/100) = 40 - 3 = 37%.

This question belongs to: Maths Profit And Loss

Question #3

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A man bought a chair for Rs. 600 and sold it for Rs. 720. What is the gain percent?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 120, gain% = 120/600*100=20%.

This question belongs to: Maths Profit And Loss

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