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 buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 580

B. Rs. 640

C. Rs. 620

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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If a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price?

A. Rs. 1150

B. Rs. 1220

C. Rs. 1180

D. Rs. 1200

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Correct Answer: Option D

Explanation:
CP = 1080/0.9 = 1200.

This question belongs to: Maths Profit And Loss

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