By selling a watch for Rs. 900, a shopkeeper loses 10%. What is the cost price? MCQ with Answer and Explanation

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By selling a watch for Rs. 900, a shopkeeper loses 10%. What is the cost price?

A. Rs. 980

B. Rs. 1050

C. Rs. 950

D. Rs. 1000

Answer: Option D

Solution (By JKSSB Mock Tests)

Selling Price = 900. Loss = 10%. Cost Price = 900 / 0.90 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 450, there is a loss of 10%. What is the cost price?

A. Rs. 520

B. Rs. 480

C. Rs. 500

D. Rs. 460

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Correct Answer: Option C

Explanation:
CP = 450/0.9 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper incurs a 10% loss by selling an item for Rs. 1800. At what price should he sell the item to earn a 10% profit?

A. Rs. 2100

B. Rs. 2000

C. Rs. 2400

D. Rs. 2200

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Correct Answer: Option D

Explanation:
Cost price = Selling price / 0.90 = 1800 / 0.90 = Rs. 2000. Desired Selling price = 110% of Cost price = 1.10 * 2000 = Rs. 2200.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 900

B. Rs. 950

C. Rs. 1000

D. Rs. 1050

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Correct Answer: Option C

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

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