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. 9000

B. Rs. 10400

C. Rs. 10000

D. Rs. 9600

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A shopkeeper sells a book for Rs. 360, losing 10%. What is the cost price?

A. Rs. 420

B. Rs. 380

C. Rs. 400

D. Rs. 390

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Correct Answer: Option C

Explanation:
CP = 360 / 0.9 = 400.

This question belongs to: Maths Profit And Loss

Question #2

A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 540

B. Rs. 550

C. Rs. 580

D. Rs. 564.71

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Correct Answer: Option D

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #3

If the cost price of an article is Rs. 660 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 610

B. Rs. 580

C. Rs. 600

D. Rs. 594

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Correct Answer: Option D

Explanation:
Loss = 10% of 660 = 66, SP = 660 - 66 = 594.

This question belongs to: Maths Profit And Loss

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