A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price.

A. Rs. 920

B. Rs. 900

C. Rs. 950

D. Rs. 880

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 1080 / 1.20 = 900.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 825

B. Rs. 800

C. Rs. 850

D. Rs. 900

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Correct Answer: Option A

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 300 and the selling price is Rs. 255, what is the loss percentage?

A. 15%

B. 12%

C. 18%

D. 10%

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Correct Answer: Option A

Explanation:
Loss = 45, loss% = 45/300*100 = 15%.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 20%

B. 10%

C. 15%

D. 12%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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