A shopkeeper sells a product for Rs. 648, gaining 8%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a product for Rs. 648, gaining 8%. Find the cost price.

A. Rs. 640

B. Rs. 580

C. Rs. 620

D. Rs. 600

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 648 / 1.08 = 600.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 900

B. Rs. 840

C. Rs. 700

D. Rs. 800

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Correct Answer: Option D

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article for Rs. 880, gaining 10%. What is the cost price?

A. Rs. 800

B. Rs. 820

C. Rs. 840

D. Rs. 780

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Correct Answer: Option A

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 9000

B. Rs. 10000

C. Rs. 10400

D. Rs. 9600

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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