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. 800

B. Rs. 850

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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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 550

B. Rs. 600

C. Rs. 650

D. Rs. 700

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Correct Answer: Option C

Explanation:
SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a watch for Rs. 880, gaining 10%. Find the cost price.

A. Rs. 800

B. Rs. 840

C. Rs. 780

D. Rs. 820

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Correct Answer: Option A

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price.

A. Rs. 350

B. Rs. 330

C. Rs. 340

D. Rs. 360

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 315 / 0.9 = 350.

This question belongs to: Maths Profit And Loss

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