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

Question

Share Report Error

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

A. Rs. 240

B. Rs. 250

C. Rs. 245

D. Rs. 260

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.

A. Rs. 3200

B. Rs. 2800

C. Rs. 3000

D. Rs. 2500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #3

A trader marks his goods such that after allowing a 16.66% discount, he earns a profit of 25%. What is the ratio of Cost Price to Marked Price?

A. 3:4

B. 4:5

C. 5:6

D. 2:3

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Discount = 1/6 of MP. Selling Price = (5/6) * MP. Profit = 25% = 1/4 of CP. Selling Price = (5/4) * CP. (5/6) * MP = (5/4) * CP. CP / MP = (5/6) / (5/4) = 4/6 = 2/3.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs