A shopkeeper sells a fan for Rs. 630, gaining 5%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a fan for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 600

B. Rs. 620

C. Rs. 580

D. Rs. 640

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 630 / 1.05 = 600.

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

An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage?

A. 15%

B. 18%

C. 20%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Marked Price = 1500. Selling Price = 1200. Discount = 1500 - 1200 = 300. Discount percentage = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 15%

B. 20%

C. 25%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Loss = 160, loss% = 160/800*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 25%

B. 30%

C. 15%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs