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

Question

Share Report Error

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

A. Rs. 240

B. Rs. 270

C. Rs. 260

D. Rs. 250

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss percentage.

A. 9.09%

B. 12.5%

C. 11.11%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = Cost Price of 36 - Selling Price of 36. Loss = Selling Price of 4. Selling Price of 4 = Cost Price of 36 - Selling Price of 36. 40 * Selling Price = 36 * Cost Price. Selling Price / Cost Price = 36 / 40 = 9 / 10. Loss percentage = 10%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man sells an article at a 10% profit. If he had bought it at 20% less and sold it for Rs. 20 more, his profit would have been 40%. Find the initial cost price.

A. Rs. 800

B. Rs. 1000

C. Rs. 1200

D. Rs. 900

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 110x. New Cost Price = 80x. New Selling Price = 80x * 1.40 = 112x. Difference = 112x - 110x = 2x. 2x = 20. x = 10. Initial Cost Price = 100 * 10 = 1000.

This question belongs to: Maths Profit And Loss