A shopkeeper sells a product for Rs. 855, gaining 12.5%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a product for Rs. 855, gaining 12.5%. Find the cost price.

A. Rs. 780

B. Rs. 760

C. Rs. 800

D. Rs. 740

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

If the selling price of an article is Rs. 1080 and the loss is 20%, find the cost price.

A. Rs. 1300

B. Rs. 1400

C. Rs. 1250

D. Rs. 1350

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 1080 / 0.8 = 1350.

This question belongs to: Maths Profit And Loss

Question #2

A trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 666.67

B. Rs. 600

C. Rs. 650

D. Rs. 700

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Correct Answer: Option A

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.9 = 666.67.

This question belongs to: Maths Profit And Loss

Question #3

A man sold a book at a 16% loss. Had he sold it for Rs. 42 more, he would have gained 12%. What is the cost price of the book?

A. Rs. 120

B. Rs. 140

C. Rs. 160

D. Rs. 150

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Correct Answer: Option D

Explanation:
Difference in percentage = 12% - (-16%) = 28%. 28% of Cost Price = 42. Cost Price = (42 / 28) * 100 = 150.

This question belongs to: Maths Profit And Loss

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