If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price. MCQ with Answer and Explanation

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If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price.

A. Rs. 620

B. Rs. 610

C. Rs. 590

D. Rs. 600

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 420

B. Rs. 400

C. Rs. 380

D. Rs. 410

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Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a phone for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 8%

B. 10%

C. 12%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #3

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A person sold a TV for Rs. 12000, making a profit of 20%. What was the cost price?

A. Rs. 10500

B. Rs. 9500

C. Rs. 11000

D. Rs. 10000

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Correct Answer: Option D

Explanation:
CP = 12000 / 1.20 = 10000.

This question belongs to: Maths Profit And Loss

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