A shopkeeper sells a chair for Rs. 540, gaining 8%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a chair for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 540

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 20%

C. 12.5%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper gives a discount of 20% on an article marked at Rs. 400. What is the selling price?

A. Rs. 360

B. Rs. 320

C. Rs. 300

D. Rs. 340

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 400*0.8 = 320.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 15%

B. 25%

C. 20%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs