A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price. MCQ with Answer and Explanation

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

A. Rs. 750

B. Rs. 700

C. Rs. 733.33

D. Rs. 720

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

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Question #1

A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 205

B. Rs. 195

C. Rs. 210

D. Rs. 200

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #2

If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

Question #3

A dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article?

A. Rs. 1200

B. Rs. 900

C. Rs. 800

D. Rs. 1000

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Correct Answer: Option D

Explanation:
The difference between an 8% gain and a 4% loss is 12% of the cost price. So, 12% of CP = 120. CP = (120 * 100) / 12 = Rs. 1000.

This question belongs to: Maths Profit And Loss

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