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. 950

C. Rs. 980

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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A merchant gives a discount of 10% on the marked price. If he sells for Rs. 900, he gains 12.5%. If he sells at the marked price, what is his profit percentage?

A. 20%

B. 25%

C. 30%

D. 22.5%

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Correct Answer: Option B

Explanation:
Selling Price = 900. Gain = 12.5%. Cost Price = 900 / 1.125 = 800. Marked Price = 900 / 0.90 = 1000. If sold at 1000, Profit = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss