A shopkeeper sells a book for Rs. 360, losing 10%. What is the cost price? MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 360, losing 10%. What is the cost price?

A. Rs. 420

B. Rs. 380

C. Rs. 400

D. Rs. 390

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 360 / 0.9 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. Rs. 300

B. Rs. 280

C. Rs. 320

D. Rs. 340

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Correct Answer: Option A

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price?

A. Rs. 2600

B. Rs. 2750

C. Rs. 2700

D. Rs. 2800

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Correct Answer: Option C

Explanation:
Cost Price = (2850 / 114) * 100 = Rs. 2500. New Selling Price at 8% profit = 2500 * 1.08 = Rs. 2700.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys a watch for Rs. 1200 and sells it at a profit of 25%. What is the selling price of the watch?

A. Rs. 1500

B. Rs. 1450

C. Rs. 1400

D. Rs. 1600

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Correct Answer: Option A

Explanation:
Profit = 25% of 1200 = 300. Selling Price = Cost Price + Profit = 1200 + 300 = Rs. 1500.

This question belongs to: Maths Profit And Loss

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