A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price.

A. Rs. 850

B. Rs. 800

C. Rs. 780

D. Rs. 750

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 75% of CP => CP = 600 / 0.75 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 360

B. Rs. 320

C. Rs. 340

D. Rs. 350

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

Question #2

A merchant marks his goods up by 50% and offers a discount of 20%. In addition, he gives 1 article free with every 4 articles bought. What is his net profit percentage?

A. 4% profit

B. No profit no loss

C. 4% loss

D. 5% profit

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Correct Answer: Option C

Explanation:
Let Cost Price of 1 article = 100. Cost Price of 5 articles = 500. Marked Price of 1 article = 150. Customer takes 5 articles but pays for 4. Selling Price of 4 articles = 4 * 150 * 0.80 = 480. Net Selling Price = 480. Net Cost Price = 500. Loss = 20. Loss percentage = (20 / 500) * 100 = 4%.

This question belongs to: Maths Profit And Loss

Question #3

A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 12.5%

B. 15%

C. 20%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss

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