A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price.

A. Rs. 380

B. Rs. 440

C. Rs. 420

D. Rs. 400

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 560 / 1.40 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. Loss 2.5%

B. Loss 5%

C. No profit no loss

D. Profit 2.5%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 405

B. Rs. 415

C. Rs. 400

D. Rs. 410

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Correct Answer: Option A

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a chair for Rs. 800, gaining 25%. Find the cost price.

A. Rs. 620

B. Rs. 660

C. Rs. 680

D. Rs. 640

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Correct Answer: Option D

Explanation:
CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

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