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. 208

B. Rs. 210

C. Rs. 190

D. Rs. 200

Answer: Option D

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 person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 30% above the cost price and allows a 10% discount. Find his actual profit percentage.

A. 20%

B. 17%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Let Cost Price = 100. Marked Price = 130. Selling Price = 130 * 0.90 = 117. Profit = 117 - 100 = 17. Profit percentage = 17%.

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Question #3

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A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?

A. 65%

B. 60%

C. 55%

D. 50%

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Correct Answer: Option B

Explanation:
He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.

This question belongs to: Maths Profit And Loss

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