If a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price? MCQ with Answer and Explanation

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If a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price?

A. Rs. 1180

B. Rs. 1220

C. Rs. 1150

D. Rs. 1200

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 1080/0.9 = 1200.

This question belongs to: Maths Profit And Loss

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Question #1

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Successive discounts of 30% and 10% are equivalent to a single discount of:

A. 45%

B. 37%

C. 40%

D. 42%

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Correct Answer: Option B

Explanation:
Equivalent discount = A + B - (AB/100) = 30 + 10 - (300/100) = 40 - 3 = 37%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 25%

B. 20%

C. 15%

D. 18%

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Correct Answer: Option B

Explanation:
Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

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Question #3

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A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. What is his profit percentage?

A. 20%

B. 25%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
CP of 1 lemon = 1/2 = 0.5. SP of 1 lemon = 3/5 = 0.6. Profit = 0.6 - 0.5 = 0.1. Profit % = (0.1 / 0.5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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