A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 10400

B. Rs. 9000

C. Rs. 9600

D. Rs. 10000

Answer: Option D

Solution (By JKSSB Mock Tests)

The correct answer is Option D. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

If a shopkeeper sells an item at Rs. 450, he gains 12.5%. Find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 420

D. Rs. 380

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Correct Answer: Option B

Explanation:
SP = 1.125 CP => CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 160

B. Rs. 150

C. Rs. 170

D. Rs. 180

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Correct Answer: Option A

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

Question #3

A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 30%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

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