A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 410

D. Rs. 420

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%?

A. Rs. 500

B. Rs. 530

C. Rs. 520

D. Rs. 550

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Correct Answer: Option D

Explanation:
CP = 450/0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

Question #2

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

A. 25%

B. 30%

C. 20%

D. 16.67%

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Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
Gain = 120, gain% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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