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. 610

B. Rs. 620

C. Rs. 600

D. Rs. 590

Answer: Option C

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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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 1050

B. Rs. 1000

C. Rs. 900

D. Rs. 960

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Correct Answer: Option D

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 260

B. Rs. 240

C. Rs. 245

D. Rs. 250

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Correct Answer: Option D

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 18%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

This question belongs to: Maths Profit And Loss

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