A shopkeeper sells a fan at Rs. 450, making a profit of 12.5%. What is the cost price? MCQ with Answer and Explanation

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A shopkeeper sells a fan at Rs. 450, making a profit of 12.5%. What is the cost price?

A. Rs. 410

B. Rs. 400

C. Rs. 380

D. Rs. 420

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 1.125 CP => CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 25%

B. 30%

C. 20%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an article at Rs. 275, gaining 10%. What is the cost price?

A. Rs. 250

B. Rs. 260

C. Rs. 255

D. Rs. 240

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Correct Answer: Option A

Explanation:
CP = 275/1.1 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of an article is Rs. 600. If it is sold at a profit of 10%, what is the selling price?

A. Rs. 650

B. Rs. 640

C. Rs. 670

D. Rs. 660

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Correct Answer: Option D

Explanation:
SP = 600*1.1 = 660.

This question belongs to: Maths Profit And Loss

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