A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price? MCQ with Answer and Explanation

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 850

B. Rs. 780

C. Rs. 800

D. Rs. 820

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 450 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 410

B. Rs. 400

C. Rs. 405

D. Rs. 415

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Correct Answer: Option C

Explanation:
Loss = 10% of 450 = 45, SP = 450 - 45 = 405.

This question belongs to: Maths Profit And Loss

Question #2

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A vendor sells oranges at Rs. 60 per dozen and makes a profit of 20%. What is the cost price per dozen?

A. Rs. 48

B. Rs. 52

C. Rs. 50

D. Rs. 45

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Correct Answer: Option C

Explanation:
SP = 1.2 CP => CP = 60/1.2 = 50.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 165

B. Rs. 160

C. Rs. 155

D. Rs. 170

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Correct Answer: Option B

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

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