A shopkeeper sells a fan for Rs. 1080, losing 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a fan for Rs. 1080, losing 10%. Find the cost price.

A. Rs. 1200

B. Rs. 1100

C. Rs. 1250

D. Rs. 1150

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 1080 / 0.9 = 1200.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is:

A. 27.5%

B. 37.5%

C. 30%

D. 35%

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Correct Answer: Option B

Explanation:
Let Cost Price of 1 kg = 1. Cost Price of 80 kg = 80. Profit = Cost Price of 30 kg = 30. Profit percentage = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 2 kg of sugar at Rs. 40 per kg and 3 kg at Rs. 50 per kg. He mixes and sells at Rs. 60 per kg. What is his profit percentage?

A. 45%

B. 40%

C. 30%

D. 35%

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Correct Answer: Option B

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Question #3

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A dealer marks his goods 50% above cost price and gives a discount of 20%. What is his gain percent?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP=100, MP=150, SP=150*0.8=120, gain=20%.

This question belongs to: Maths Profit And Loss

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