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. 320

C. Rs. 300

D. Rs. 340

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 280

B. Rs. 275

C. Rs. 285

D. Rs. 290

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Correct Answer: Option A

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 12%

B. 15%

C. 10%

D. 8.75%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

Question #3

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Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 950

B. Rs. 920

C. Rs. 900

D. Rs. 940

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Correct Answer: Option B

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

This question belongs to: Maths Profit And Loss

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