A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent? MCQ with Answer and Explanation

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 20%

B. 30%

C. 25%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 540

D. Rs. 520

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Correct Answer: Option A

Explanation:
CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

Question #2

A dealer marks his goods 50% above cost price and gives a discount of 20%. What is his gain percent?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Let CP=100, MP=150, SP=150*0.8=120, gain=20%.

This question belongs to: Maths Profit And Loss

Question #3

A trader mixes 26 kg of wheat at Rs. 20/kg with 30 kg of wheat at Rs. 36/kg and sells the mixture at Rs. 30/kg. What is his profit percentage?

A. 4%

B. 5.6%

C. 6.25%

D. 5%

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Correct Answer: Option D

Explanation:
Total Cost Price = (26 * 20) + (30 * 36) = 520 + 1080 = 1600. Total quantity = 56 kg. Total Selling Price = 56 * 30 = 1680. Profit = 80. Profit percentage = (80 / 1600) * 100 = 5%.

This question belongs to: Maths Profit And Loss

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