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. 820

B. Rs. 780

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 the selling price of an article is Rs. 312 and the profit is 20%, find the cost price.

A. Rs. 280

B. Rs. 260

C. Rs. 250

D. Rs. 270

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Correct Answer: Option B

Explanation:
CP = 312 / 1.20 = 260.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 600

B. Rs. 640

C. Rs. 620

D. Rs. 580

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 120 and the selling price is Rs. 150, what is the profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option D

Explanation:
Profit = 30, profit% = 30/120*100=25%.

This question belongs to: Maths Profit And Loss

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