If a shopkeeper sells an item at Rs. 450, he gains 12.5%. Find the cost price. MCQ with Answer and Explanation

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If a shopkeeper sells an item at Rs. 450, he gains 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 410

C. Rs. 420

D. Rs. 400

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 1.125 CP => CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage?

A. 20%

B. 18%

C. 25%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 78, profit% = 78/390*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a watch for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 840

B. Rs. 780

C. Rs. 820

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1050

C. Rs. 1000

D. Rs. 1080

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Correct Answer: Option A

Explanation:
SP = 1200*0.85 = 1020.

This question belongs to: Maths Profit And Loss

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