A shopkeeper sells a fan for Rs. 900, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a fan for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 820

B. Rs. 800

C. Rs. 780

D. Rs. 840

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 490

D. Rs. 500

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Correct Answer: Option D

Explanation:
SP = 92% of CP => CP = 460 / 0.92 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 1000

B. Rs. 900

C. Rs. 1050

D. Rs. 960

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Correct Answer: Option D

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

This question belongs to: Maths Profit And Loss

Question #3

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An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article.

A. Rs. 1000

B. Rs. 1500

C. Rs. 1100

D. Rs. 1200

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Correct Answer: Option D

Explanation:
The difference in profit percentage is 15% - 10% = 5%. 5% of the Cost Price equals Rs. 60. Cost Price = (60 / 5) * 100 = Rs. 1200.

This question belongs to: Maths Profit And Loss

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