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. 800

C. Rs. 760

D. Rs. 740

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A man sells an article for Rs. 840, gaining 5%. What is the cost price?

A. Rs. 820

B. Rs. 800

C. Rs. 810

D. Rs. 780

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Correct Answer: Option B

Explanation:
CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 297 and the profit is 35%, find the cost price.

A. Rs. 230

B. Rs. 210

C. Rs. 240

D. Rs. 220

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Correct Answer: Option D

Explanation:
CP = 297 / 1.35 = 220.

This question belongs to: Maths Profit And Loss

Question #3

An article is sold at a 15% profit. If its cost price decreases by 10% and selling price decreases by Rs. 21, the profit becomes 20%. Find the initial cost price.

A. Rs. 250

B. Rs. 300

C. Rs. 320

D. Rs. 280

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Correct Answer: Option B

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.20 = 108x. Difference = 115x - 108x = 7x. 7x = 21. x = 3. Initial Cost Price = 100 * 3 = 300.

This question belongs to: Maths Profit And Loss

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