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. 250

B. Rs. 260

C. Rs. 270

D. Rs. 240

Answer: Option A

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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A dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 6%

C. 4%

D. 10%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 195

B. Rs. 200

C. Rs. 210

D. Rs. 205

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 950

B. Rs. 1100

C. Rs. 1000

D. Rs. 1028.57

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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