A shopkeeper sells a TV at Rs. 12000, incurring a loss of 20%. What is the cost price of the TV? MCQ with Answer and Explanation

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A shopkeeper sells a TV at Rs. 12000, incurring a loss of 20%. What is the cost price of the TV?

A. Rs. 14500

B. Rs. 14000

C. Rs. 15000

D. Rs. 16000

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 80% of CP => CP = 12000/0.8 = 15000.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1000

B. Rs. 1050

C. Rs. 900

D. Rs. 1100

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Correct Answer: Option A

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 260 and the profit is 30%, what is the cost price?

A. Rs. 200

B. Rs. 220

C. Rs. 190

D. Rs. 210

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Correct Answer: Option A

Explanation:
CP = 260/1.3 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 285

B. Rs. 295

C. Rs. 290

D. Rs. 280

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Correct Answer: Option A

Explanation:
Loss = 5% of 300 = 15, SP = 300-15=285.

This question belongs to: Maths Profit And Loss

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