The difference between selling an article at a profit of 8% and a loss of 4% is Rs. 108. Find the cost price. MCQ with Answer and Explanation

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The difference between selling an article at a profit of 8% and a loss of 4% is Rs. 108. Find the cost price.

A. Rs. 850

B. Rs. 800

C. Rs. 950

D. Rs. 900

Answer: Option D

Solution (By JKSSB Mock Tests)

Difference = 8% - (-4%) = 12% of CP. 12% of CP = 108. CP = 10800 / 12 = Rs. 900.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 9 articles is equal to the selling price of 10 articles, find the loss percent.

A. 8%

B. 10%

C. 12%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 9 = 9, SP of 10 = 9 => SP of 1 = 9/10 = 0.9, loss = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys an article for Rs. 200 and sells it for Rs. 240. What is the gain percent?

A. 15%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Gain = 40, gain% = (40/200)*100 = 20%.

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Question #3

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A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price?

A. Rs. 1900

B. Rs. 2000

C. Rs. 2100

D. Rs. 2050

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Correct Answer: Option B

Explanation:
CP = 2200/1.1 = 2000.

This question belongs to: Maths Profit And Loss

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