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. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 980

Answer: Option B

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

A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 11500

B. Rs. 12500

C. Rs. 12000

D. Rs. 13000

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Correct Answer: Option C

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price?

A. Rs. 950

B. Rs. 1000

C. Rs. 850

D. Rs. 900

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Correct Answer: Option D

Explanation:
SP after discount = 1200*0.9 = 1080. CP = 1080 / 1.2 = 900.

This question belongs to: Maths Profit And Loss

Question #3

The selling price of an article is Rs. 720. If the profit is 20%, what is the cost price?

A. Rs. 640

B. Rs. 620

C. Rs. 600

D. Rs. 580

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Correct Answer: Option C

Explanation:
CP = 720/1.2 = 600.

This question belongs to: Maths Profit And Loss

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