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. 250

B. Rs. 240

C. Rs. 260

D. Rs. 245

Answer: Option A

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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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. No profit no loss

B. Profit 2.5%

C. Loss 2.5%

D. Loss 5%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 30% above cost and gives a discount of 15%. What is his profit percent?

A. 10.5%

B. 12%

C. 15%

D. 9%

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Correct Answer: Option A

Explanation:
Let CP = 100. MP = 130. SP = 130 * 0.85 = 110.5. Profit = 10.5%.

This question belongs to: Maths Profit And Loss

Question #3

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Ravi sold an item for Rs. 4600 and incurred a loss. Had he sold it for Rs. 5800, his profit would have been double the loss. Find the cost price.

A. Rs. 5400

B. Rs. 5200

C. Rs. 4800

D. Rs. 5000

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Correct Answer: Option D

Explanation:
Let CP be x. Loss = x - 4600. Profit = 5800 - x. Given: 5800 - x = 2 * (x - 4600). 5800 - x = 2x - 9200. 3x = 15000. x = 5000.

This question belongs to: Maths Profit And Loss

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