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. 780

C. Rs. 750

D. Rs. 800

Answer: Option D

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

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If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price.

A. Rs. 600

B. Rs. 590

C. Rs. 610

D. Rs. 620

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Correct Answer: Option A

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 10%

B. 5%

C. 15%

D. 20%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #3

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 680

B. Rs. 700

C. Rs. 640

D. Rs. 660

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Correct Answer: Option D

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

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