A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 650

B. Rs. 700

C. Rs. 680

D. Rs. 720

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A person buys a toy for Rs. 250 and sells it for Rs. 200. What is the loss percentage?

A. 30%

B. 15%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the selling price of an article is Rs. 135 and the profit is 35%, find the cost price.

A. Rs. 100

B. Rs. 105

C. Rs. 95

D. Rs. 110

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the cost price of an article is Rs. 600 and the selling price is Rs. 540, what is the loss percentage?

A. 15%

B. 12%

C. 8%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 60, loss% = 60/600*100 = 10%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs