If a loss of 15% on an item is Rs. 45, what is its cost price? MCQ with Answer and Explanation

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If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 300

B. Rs. 400

C. Rs. 350

D. Rs. 250

Answer: Option A

Solution (By JKSSB Mock Tests)

15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 200

B. Rs. 208

C. Rs. 190

D. Rs. 210

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Correct Answer: Option A

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

The cost price of an article is Rs. 240. If it is sold at a loss of 12.5%, what is the selling price?

A. Rs. 215

B. Rs. 205

C. Rs. 220

D. Rs. 210

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Correct Answer: Option D

Explanation:
Loss = 12.5% of 240 = 30, SP = 240 - 30 = 210.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 420

D. Rs. 380

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Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

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