A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 580

D. Rs. 600

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 660/1.1 = 600.

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

If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent.

A. 40%

B. 20%

C. 30%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 5 = 7 => SP of 1 = 7/5 = 1.4, gain = 40%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 560

B. Rs. 580

C. Rs. 600

D. Rs. 620

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 5%

B. 0%

C. 2%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs