A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.

A. Rs. 280

B. Rs. 300

C. Rs. 320

D. Rs. 340

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.

A. 30.68%

B. 28.5%

C. 25%

D. 32%

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Correct Answer: Option A

Explanation:
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.

This question belongs to: Maths Profit And Loss