A man bought a chair for Rs. 600 and sold it for Rs. 720. What is the gain percent? MCQ with Answer and Explanation

Question

Share Report Error

A man bought a chair for Rs. 600 and sold it for Rs. 720. What is the gain percent?

A. 25%

B. 15%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Gain = 120, gain% = 120/600*100=20%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A shopkeeper sells a mobile for Rs. 5000, losing 10%. At what price should he sell it to gain 10%?

A. Rs. 5800

B. Rs. 5500

C. Rs. 6111.11

D. Rs. 6000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

Share Report

Person A sells an article to B at a 15% profit. B sells it to C at a 20% profit. If C pays Rs. 3450, find the cost price for A.

A. Rs. 2200

B. Rs. 2500

C. Rs. 2400

D. Rs. 2600

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let A's Cost Price = X. X * 1.15 * 1.20 = 3450. 1.38X = 3450. X = 2500.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price.

A. Rs. 750

B. Rs. 733.33

C. Rs. 700

D. Rs. 720

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs