A shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price. MCQ with Answer and Explanation

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

A. Rs. 733.33

B. Rs. 700

C. Rs. 720

D. Rs. 750

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A man sells a watch for Rs. 560, gaining 12%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 540

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Correct Answer: Option A

Explanation:
CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 156 and the profit is 30%, find the cost price.

A. Rs. 120

B. Rs. 110

C. Rs. 130

D. Rs. 140

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Correct Answer: Option A

Explanation:
CP = 156 / 1.30 = 120.

This question belongs to: Maths Profit And Loss

Question #3

A dealer buys an article for Rs. 600 and sells it at a profit of 15%. What is the selling price?

A. Rs. 670

B. Rs. 700

C. Rs. 690

D. Rs. 680

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Correct Answer: Option C

Explanation:
SP = 600 + 15% of 600 = 600 + 90 = 690.

This question belongs to: Maths Profit And Loss

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