A man buys a chair for Rs. 400 and sells it for Rs. 460. What is the gain percent? MCQ with Answer and Explanation

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A man buys a chair for Rs. 400 and sells it for Rs. 460. What is the gain percent?

A. 20%

B. 15%

C. 10%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Gain = 60, gain% = 60/400*100 = 15%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods at Rs. 1500 and gives a discount of 20%. What is the selling price?

A. Rs. 1250

B. Rs. 1300

C. Rs. 1200

D. Rs. 1100

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Correct Answer: Option C

Explanation:
SP = 1500*0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 500

B. Rs. 550

C. Rs. 650

D. Rs. 600

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Correct Answer: Option D

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 5%

B. 20%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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