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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Question #1

A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 900

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%?

A. 30%

B. 35%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Total Cost Price = 6000. Desired Selling Price for 20% profit = 6000 * 1.20 = 7200. Cost Price of one-third = 2000. Selling Price of this part = 2000 * 1.10 = 2200. Remaining Cost Price = 4000. Required Selling Price for remaining = 7200 - 2200 = 5000. Profit on remaining = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

If the cost price of an article is Rs. 600 and the selling price is Rs. 720, what is the profit percentage?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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