If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%? MCQ with Answer and Explanation

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If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%?

A. Rs. 530

B. Rs. 500

C. Rs. 520

D. Rs. 550

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 450/0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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Question #1

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A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?

A. Rs. 260

B. Rs. 240

C. Rs. 220

D. Rs. 280

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Correct Answer: Option B

Explanation:
SP = 1.2 * CP = 1.2 * 170 = 204. Marked Price (MP) - 15% of MP = SP. 0.85 * MP = 204. MP = 204 / 0.85 = 240.

This question belongs to: Maths Profit And Loss

Question #2

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The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 385

B. Rs. 380

C. Rs. 370

D. Rs. 390

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Correct Answer: Option B

Explanation:
Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a watch for Rs. 880, gaining 10%. Find the cost price.

A. Rs. 820

B. Rs. 780

C. Rs. 840

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

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