A man buys a shirt for Rs. 250 and sells it for Rs. 300. What is the gain percent? MCQ with Answer and Explanation

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A man buys a shirt for Rs. 250 and sells it for Rs. 300. What is the gain percent?

A. 25%

B. 30%

C. 15%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Gain = 50, gain% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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The selling price of an article is Rs. 960. If the profit is 20%, what is the cost price?

A. Rs. 800

B. Rs. 840

C. Rs. 820

D. Rs. 780

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Correct Answer: Option A

Explanation:
CP = 960 / 1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 300

B. Rs. 350

C. Rs. 450

D. Rs. 400

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Correct Answer: Option D

Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 552

B. Rs. 560

C. Rs. 540

D. Rs. 550

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Correct Answer: Option A

Explanation:
SP = 480 * 1.15 = 552.

This question belongs to: Maths Profit And Loss

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