A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent? MCQ with Answer and Explanation

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 15%

C. 20%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

Gain = 30, gain% = 30/150*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 an article is Rs. 660 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 610

B. Rs. 600

C. Rs. 580

D. Rs. 594

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Correct Answer: Option D

Explanation:
Loss = 10% of 660 = 66, SP = 660 - 66 = 594.

This question belongs to: Maths Profit And Loss

Question #2

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 33.33%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 20%

B. 18%

C. 17%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.

This question belongs to: Maths Profit And Loss

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