A shopkeeper sells an article at 10% profit. Had he bought it at 20% less and sold it for Rs. 12 less, he would have gained 25%. The cost price is: MCQ with Answer and Explanation

Question

A shopkeeper sells an article at 10% profit. Had he bought it at 20% less and sold it for Rs. 12 less, he would have gained 25%. The cost price is:

A. Rs. 100

B. Rs. 120

C. Rs. 140

D. Rs. 150

Answer: Option B

Solution (By JKSSB Mock Tests)

CP=x, SP=1.1x. New CP=0.8x, new SP=1.1x-12 = x → 0.1x=12 → x=120.

This question belongs to: Maths Percentage

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Question #1

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What percent of 500 is 125?

A. 25%

B. 20%

C. 30%

D. 22.5%

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Correct Answer: Option A

Explanation:
(125/500)×100 = 25%.

This question belongs to: Maths Percentage

Question #2

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Spends 20% rent, 15% food, 25% education, 10% others, saves Rs. 18000. Salary:

A. 50000

B. 65000

C. 60000

D. 55000

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Correct Answer: Option C

Explanation:
Total spend 70%, save 30% = 18000, salary = 18000/0.3 = 60000.

This question belongs to: Maths Percentage

Question #3

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A man sells two articles for Rs. 120 each. On one he gains 20%, and on the other he loses 20%. Find his overall profit or loss percent.

A. 4% loss

B. 2% loss

C. No profit no loss

D. 1% loss

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Correct Answer: Option A

Explanation:
CP1 = 120/1.2=100, CP2=120/0.8=150. Total CP=250, SP=240. Loss=10, %=(10/250)×100=4% loss.

This question belongs to: Maths Percentage

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