By selling a heater for Rs. 600, a merchant gains 25%. Find the cost price. MCQ with Answer and Explanation

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By selling a heater for Rs. 600, a merchant gains 25%. Find the cost price.

A. Rs. 450

B. Rs. 480

C. Rs. 520

D. Rs. 500

Answer: Option B

Solution (By JKSSB Mock Tests)

Selling Price = 600. Profit = 25%. Cost Price = 600 / 1.25 = 480.

This question belongs to: Maths Profit And Loss

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A man sold two items for Rs. 10000 each. On the first item, he gained 25%. On the second item, he lost 20%. Find his total profit or loss amount in Rupees.

A. Profit Rs. 500

B. Loss Rs. 500

C. Loss Rs. 1000

D. Profit Rs. 1000

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Correct Answer: Option B

Explanation:
SP1 = 10000, Profit = 25%, CP1 = 10000 / 1.25 = 8000. SP2 = 10000, Loss = 20%, CP2 = 10000 / 0.80 = 12500. Total CP = 8000 + 12500 = 20500. Total SP = 10000 + 10000 = 20000. Total Loss = Total CP - Total SP = 20500 - 20000 = Rs. 500.

This question belongs to: Maths Profit And Loss