A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 260

B. Rs. 240

C. Rs. 250

D. Rs. 270

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells a book for Rs. 220, losing 12%. What is the cost price?

A. Rs. 260

B. Rs. 230

C. Rs. 250

D. Rs. 240

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Correct Answer: Option C

Explanation:
SP = 88% of CP => CP = 220 / 0.88 = 250.

This question belongs to: Maths Profit And Loss

Question #2

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If the profit is one-fourth of the selling price, find the true profit percentage on the cost price.

A. 25%

B. 40%

C. 20%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. Profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 900

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Correct Answer: Option B

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

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