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

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

A. Rs. 720

B. Rs. 650

C. Rs. 680

D. Rs. 700

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 437

B. Rs. 440

C. Rs. 430

D. Rs. 445

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Correct Answer: Option A

Explanation:
Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage?

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 80, profit% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys two articles for Rs. 1500 in total. He sells the first at a 20% profit and the second at a 10% loss. If his overall profit is Rs. 90, find the cost price of the first article.

A. Rs. 800

B. Rs. 700

C. Rs. 1000

D. Rs. 900

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Correct Answer: Option A

Explanation:
Let CP of first = x. CP of second = 1500 - x. Profit = 0.20x - 0.10(1500 - x) = 90. 0.30x - 150 = 90. 0.30x = 240. x = 800.

This question belongs to: Maths Profit And Loss

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