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 product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 700

B. Rs. 720

C. Rs. 650

D. Rs. 680

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price?

A. Rs. 760

B. Rs. 720

C. Rs. 740

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 800 * 0.90 = 720.

This question belongs to: Maths Profit And Loss

Question #3

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If the loss is one-fifth of the cost price, what is the loss percentage?

A. 30%

B. 25%

C. 16.67%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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