If a shopkeeper sells an item at Rs. 360, he gains 20%. Find the cost price. MCQ with Answer and Explanation

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If a shopkeeper sells an item at Rs. 360, he gains 20%. Find the cost price.

A. Rs. 280

B. Rs. 320

C. Rs. 300

D. Rs. 340

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article for Rs. 840, gaining 5%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 810

D. Rs. 820

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Correct Answer: Option B

Explanation:
CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.

A. Rs. 390

B. Rs. 420

C. Rs. 400

D. Rs. 410

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Correct Answer: Option C

Explanation:
CP = 420/1.05 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 297 and the profit is 35%, find the cost price.

A. Rs. 210

B. Rs. 230

C. Rs. 220

D. Rs. 240

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Correct Answer: Option C

Explanation:
CP = 297 / 1.35 = 220.

This question belongs to: Maths Profit And Loss

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