A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price? MCQ with Answer and Explanation

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A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price?

A. Rs. 2100

B. Rs. 1900

C. Rs. 2050

D. Rs. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 2200/1.1 = 2000.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a radio for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 600

B. Rs. 580

C. Rs. 620

D. Rs. 640

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Correct Answer: Option A

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 50% above cost price and gives a discount of 20%. What is his gain percent?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Let CP=100, MP=150, SP=150*0.8=120, gain=20%.

This question belongs to: Maths Profit And Loss

Question #3

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By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price?

A. Rs. 2600

B. Rs. 2700

C. Rs. 2800

D. Rs. 2750

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Correct Answer: Option B

Explanation:
Cost Price = (2850 / 114) * 100 = Rs. 2500. New Selling Price at 8% profit = 2500 * 1.08 = Rs. 2700.

This question belongs to: Maths Profit And Loss

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