A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 420

D. Rs. 410

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 384 and the profit is 28%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 300

D. Rs. 310

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Correct Answer: Option C

Explanation:
CP = 384 / 1.28 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks an article at Rs. 600 and gives a discount of 15%. What is the selling price?

A. Rs. 520

B. Rs. 500

C. Rs. 510

D. Rs. 490

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Correct Answer: Option C

Explanation:
SP = 600*0.85 = 510.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells rice at a 10% profit and uses a weight which is 30% less than the actual measure. What is his total profit percentage?

A. 57.14%

B. 60%

C. 50%

D. 45.45%

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Correct Answer: Option A

Explanation:
He gives 700g but charges for 1000g + 10% profit = 1100g worth of value. Profit = 1100 - 700 = 400. Profit percentage = (400 / 700) * 100 = 57.14%.

This question belongs to: Maths Profit And Loss

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