By selling a watch for Rs. 900, a shopkeeper loses 10%. What is the cost price? MCQ with Answer and Explanation
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Question #1
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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?
Correct Answer: Option B
Explanation:
Profit = 90, profit% = 90/450*100=20%.
Profit = 90, profit% = 90/450*100=20%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A vendor buys bananas at 6 for Rs. 5 and sells them at 5 for Rs. 6. If his total profit is Rs. 55, find the total number of bananas bought.
Correct Answer: Option A
Explanation:
Cost Price of 30 bananas = 5 * 5 = 25. Selling Price of 30 bananas = 6 * 6 = 36. Profit on 30 bananas = 11. Total profit is 55, which is 5 times 11. Total bananas = 30 * 5 = 150.
Cost Price of 30 bananas = 5 * 5 = 25. Selling Price of 30 bananas = 6 * 6 = 36. Profit on 30 bananas = 11. Total profit is 55, which is 5 times 11. Total bananas = 30 * 5 = 150.
This question belongs to:
Maths
Profit And Loss
Question #3
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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.
Correct Answer: Option B
Explanation:
CP = 660/1.1 = 600.
CP = 660/1.1 = 600.
This question belongs to:
Maths
Profit And Loss
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