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. 15000

B. Rs. 16000

C. Rs. 14000

D. Rs. 14500

Answer: Option A

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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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 320

B. Rs. 300

C. Rs. 290

D. Rs. 310

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Correct Answer: Option B

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 648, gaining 8%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 600

D. Rs. 580

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Correct Answer: Option C

Explanation:
CP = 648 / 1.08 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 810

B. Rs. 820

C. Rs. 780

D. Rs. 800

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Correct Answer: Option A

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

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