A shopkeeper sells a chair for Rs. 800, gaining 25%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a chair for Rs. 800, gaining 25%. Find the cost price.

A. Rs. 660

B. Rs. 620

C. Rs. 680

D. Rs. 640

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.

A. Rs. 720

B. Rs. 750

C. Rs. 700

D. Rs. 733.33

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent.

A. 33.33%

B. 40%

C. 25%

D. 50%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 3 = 3, SP of 2 = 3 => SP of 1 = 3/2 = 1.5, gain = 50%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 15%

B. 20%

C. 19%

D. 18%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

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