A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 245

B. Rs. 240

C. Rs. 250

D. Rs. 260

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 10 articles is equal to the selling price of 9 articles, find the gain percent.

A. 10%

B. 15%

C. 12%

D. 11.11%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

Question #2

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A table was bought for Rs. 1500 and sold for Rs. 1800. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
Profit = 1800 - 1500 = 300. Profit % = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 350

B. Rs. 250

C. Rs. 400

D. Rs. 300

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Correct Answer: Option D

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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