A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 950

B. Rs. 1050

C. Rs. 1000

D. Rs. 900

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 208

B. Rs. 190

C. Rs. 200

D. Rs. 210

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Correct Answer: Option C

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a table for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1000

B. Rs. 980

C. Rs. 1050

D. Rs. 1020

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Correct Answer: Option A

Explanation:
CP = 1200 / 1.20 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is 40% of its selling price, what is the profit percentage?

A. 140%

B. 120%

C. 150%

D. 125%

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Correct Answer: Option C

Explanation:
Let Selling Price = 100. Cost Price = 40. Profit = 100 - 40 = 60. Profit percentage = (60 / 40) * 100 = 150%.

This question belongs to: Maths Profit And Loss

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