A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 260

B. Rs. 270

C. Rs. 250

D. Rs. 240

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 350 / 1.40 = 250.

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 doubled, the profit becomes three times. Find the original profit percent.

A. 66.67%

B. 100%

C. 75%

D. 50%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 400

B. Rs. 390

C. Rs. 410

D. Rs. 385

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Correct Answer: Option A

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 80, profit% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

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