A man bought a shirt for Rs. 450 and sold it for Rs. 540. What is the gain percentage? MCQ with Answer and Explanation

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A man bought a shirt for Rs. 450 and sold it for Rs. 540. What is the gain percentage?

A. 30%

B. 20%

C. 15%

D. 25%

Answer: Option B

Solution (By JKSSB Mock Tests)

Gain = 90, gain% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent.

A. 15%

B. 12.5%

C. 20%

D. 14.28%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 7 = 8 => SP of 1 = 8/7 = 1.1428, gain = 14.28%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 850

D. Rs. 750

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Correct Answer: Option B

Explanation:
SP = 75% of CP => CP = 600 / 0.75 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A fruit vendor buys apples at the rate of 5 for Rs. 10 and sells them at the rate of 4 for Rs. 12. His gain percent is:

A. 55%

B. 40%

C. 60%

D. 50%

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Correct Answer: Option D

Explanation:
Cost Price of 1 apple = 10 / 5 = 2. Selling Price of 1 apple = 12 / 4 = 3. Profit = 1. Profit percentage = (1 / 2) * 100 = 50%.

This question belongs to: Maths Profit And Loss

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