A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 520

B. Rs. 460

C. Rs. 500

D. Rs. 480

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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Question #1

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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 300

B. Rs. 350

C. Rs. 400

D. Rs. 450

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Correct Answer: Option C

Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi.

A. Rs. 1200

B. Rs. 1000

C. Rs. 900

D. Rs. 1100

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Correct Answer: Option B

Explanation:
Let Ravi's Cost Price = X. X * 1.10 * 1.20 = 1320. 1.32X = 1320. X = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 580

B. Rs. 550

C. Rs. 540

D. Rs. 564.71

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Correct Answer: Option D

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

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