A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price.

A. Rs. 780

B. Rs. 820

C. Rs. 800

D. Rs. 840

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 880/1.1 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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If an article is sold at Rs. 216, there is a profit of 8%. Find the cost price.

A. Rs. 210

B. Rs. 208

C. Rs. 190

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 100, profit% = 100/400*100=25%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 60% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 12%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 160, SP = 160*0.7 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

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