If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price. MCQ with Answer and Explanation

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

A. Rs. 200

B. Rs. 208

C. Rs. 210

D. Rs. 190

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 950

B. Rs. 1000

C. Rs. 1050

D. Rs. 900

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 30%

B. 130%

C. 115%

D. 230%

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Correct Answer: Option B

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

Question #3

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A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage?

A. 25%

B. 22.5%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Marked Price = 500. Selling Price = 400. Discount = 100. Discount percentage = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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