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. 10%

B. 12%

C. 20%

D. 15%

Answer: Option D

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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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 300

B. Rs. 320

C. Rs. 290

D. Rs. 310

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Correct Answer: Option A

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 666.67

C. Rs. 650

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.9 = 666.67.

This question belongs to: Maths Profit And Loss

Question #3

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A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

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