A shopkeeper sells a watch for Rs. 540, losing 10%. Find the cost price. MCQ with Answer and Explanation

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A shopkeeper sells a watch for Rs. 540, losing 10%. Find the cost price.

A. Rs. 560

B. Rs. 620

C. Rs. 600

D. Rs. 580

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 90% of CP => CP = 540 / 0.9 = 600.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader buys a product for Rs. 750 and sells it for Rs. 900. What is the profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 150, profit% = 150/750*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 300

B. Rs. 320

C. Rs. 310

D. Rs. 340

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 200

B. Rs. 205

C. Rs. 195

D. Rs. 210

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Correct Answer: Option A

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

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