A shopkeeper sells a book for Rs. 270, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 270, gaining 12.5%. Find the cost price.

A. Rs. 250

B. Rs. 260

C. Rs. 230

D. Rs. 240

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price?

A. Rs. 1200

B. Rs. 1300

C. Rs. 1250

D. Rs. 1150

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Correct Answer: Option A

Explanation:
SP = 1500 * 0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 420

B. Rs. 440

C. Rs. 380

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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The selling price of an article is 4/3 of its cost price. What is the profit percentage?

A. 50%

B. 33.33%

C. 25%

D. 66.67%

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Correct Answer: Option B

Explanation:
SP = (4/3) * CP. Ratio of SP to CP is 4:3. Profit = SP - CP = 4 - 3 = 1 part. Profit percentage = (1 / 3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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