A shopkeeper sells a book for Rs. 315, gaining 5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 315, gaining 5%. Find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 300

D. Rs. 320

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 315 / 1.05 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?

A. Rs. 12

B. Rs. 8

C. Rs. 10

D. Rs. 9

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Correct Answer: Option C

Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 400

B. Rs. 410

C. Rs. 415

D. Rs. 405

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Correct Answer: Option D

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

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