A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2000

B. Rs. 2200

C. Rs. 2100

D. Rs. 2300

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Gain = 5, gain% = 5/20*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a watch for Rs. 650, gaining 30%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 550

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Correct Answer: Option A

Explanation:
CP = 650 / 1.30 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss percentage.

A. 11.11%

B. 12.5%

C. 10%

D. 9.09%

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Correct Answer: Option C

Explanation:
Loss = Cost Price of 36 - Selling Price of 36. Loss = Selling Price of 4. Selling Price of 4 = Cost Price of 36 - Selling Price of 36. 40 * Selling Price = 36 * Cost Price. Selling Price / Cost Price = 36 / 40 = 9 / 10. Loss percentage = 10%.

This question belongs to: Maths Profit And Loss

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