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. 25%

C. 20%

D. 15%

Answer: Option C

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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A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?

A. Rs. 51.60

B. Rs. 52.80

C. Rs. 54.00

D. Rs. 50.40

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Correct Answer: Option B

Explanation:
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 35% above cost and gives a discount of 10%. What is his profit percent?

A. 18%

B. 21.5%

C. 25%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

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Question #3

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An article is sold at Rs. X. If it is sold at 54.54% of X, there is a loss of 20%. What is the profit percentage when it is sold at Rs. X?

A. 46.66%

B. 50%

C. 42.5%

D. 45%

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Correct Answer: Option A

Explanation:
54.54% = 6/11. Selling at (6/11) * X results in 20% loss, meaning Selling Price = 0.80 * Cost Price. (6/11) * X = 0.80 * Cost Price. X = (0.80 * 11 / 6) * Cost Price = (8.8 / 6) * Cost Price = (88 / 60) * Cost Price = (22 / 15) * Cost Price. Profit = (22 / 15) - 1 = 7 / 15. Profit percentage = (7 / 15) * 100 = 46.66%.

This question belongs to: Maths Profit And Loss

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