A shopkeeper sells a shirt for Rs. 280, gaining 40%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a shirt for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 180

B. Rs. 240

C. Rs. 220

D. Rs. 200

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 900

B. Rs. 825

C. Rs. 850

D. Rs. 800

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Correct Answer: Option B

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.

A. 60%

B. 45%

C. 50%

D. 56.25%

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Correct Answer: Option D

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Question #3

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If the cost price of 8 articles is equal to the selling price of 10 articles, find the loss percent.

A. 10%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 10 = 8 => SP of 1 = 8/10 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

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