A shopkeeper sells a product for Rs. 630, gaining 5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a product for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 580

D. Rs. 600

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

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

A. Rs. 820

B. Rs. 840

C. Rs. 800

D. Rs. 780

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Correct Answer: Option C

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #2

The marked price of a machine is Rs. 3200. Two successive discounts are offered, the first being 10%. If the final selling price is Rs. 2448, find the second discount percentage.

A. 18%

B. 20%

C. 15%

D. 12%

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Correct Answer: Option C

Explanation:
Price after first discount = 3200 * 0.90 = 2880. Second discount amount = 2880 - 2448 = 432. Second discount percentage = (432 / 2880) * 100 = 15%.

This question belongs to: Maths Profit And Loss

Question #3

A man sold a camera for Rs. 2400, losing 20%. What was the cost price?

A. Rs. 2800

B. Rs. 3200

C. Rs. 2500

D. Rs. 3000

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Correct Answer: Option D

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

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