A shopkeeper sells an item at Rs. 180, losing 10%. What is the cost price? MCQ with Answer and Explanation

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A shopkeeper sells an item at Rs. 180, losing 10%. What is the cost price?

A. Rs. 200

B. Rs. 210

C. Rs. 190

D. Rs. 185

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 410

D. Rs. 420

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Correct Answer: Option B

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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If a shopkeeper sells an item at Rs. 360, he gains 20%. Find the cost price.

A. Rs. 320

B. Rs. 280

C. Rs. 340

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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