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. 400

C. Rs. 420

D. Rs. 410

Answer: Option B

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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The percentage of profit when an article is sold for Rs. 78 is twice than when it is sold for Rs. 69. The cost price of the article is:

A. Rs. 51

B. Rs. 57

C. Rs. 60

D. Rs. 49

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Correct Answer: Option C

Explanation:
Let CP = x. Profit at 78 = 78 - x. Profit at 69 = 69 - x. Given: 78 - x = 2(69 - x). 78 - x = 138 - 2x. x = 138 - 78 = 60.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price?

A. Rs. 740

B. Rs. 760

C. Rs. 700

D. Rs. 720

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Correct Answer: Option D

Explanation:
SP = 800 * 0.90 = 720.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold two articles for Rs. 1000 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percent?

A. No profit no loss

B. Gain 4%

C. Loss 2%

D. Loss 4%

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Correct Answer: Option D

Explanation:
CP of first = 1000/1.2 = 833.33; CP of second = 1000/0.8 = 1250; total CP = 2083.33; total SP = 2000; loss = 83.33; loss% = (83.33/2083.33)*100 = 4%.

This question belongs to: Maths Profit And Loss

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