A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.

A. Rs. 3000

B. Rs. 3200

C. Rs. 2800

D. Rs. 2500

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 2400/0.8 = 3000.

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 selling price is multiplied by 3, the profit becomes 5 times the original profit. Find the original profit percentage.

A. 150%

B. 50%

C. 100%

D. 125%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let original SP = S, CP = C. Profit P = S - C. New SP = 3S. New Profit = 3S - C. Given: 3S - C = 5(S - C). 3S - C = 5S - 5C. 4C = 2S. S = 2C. Profit = 2C - C = C. Profit % = (C/C) * 100 = 100%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 825

B. Rs. 850

C. Rs. 900

D. Rs. 800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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