A shopkeeper sells a product for Rs. 770, gaining 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a product for Rs. 770, gaining 10%. Find the cost price.

A. Rs. 750

B. Rs. 720

C. Rs. 700

D. Rs. 680

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 770 / 1.10 = 700.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 600

B. Rs. 620

C. Rs. 580

D. Rs. 560

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1100

B. Rs. 1050

C. Rs. 900

D. Rs. 1000

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Correct Answer: Option D

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 380

B. Rs. 420

C. Rs. 350

D. Rs. 400

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Correct Answer: Option D

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

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