A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent? MCQ with Answer and Explanation

Question

Share Report Error

A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 25%

B. 30%

C. 15%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dealer allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1050

B. Rs. 950

C. Rs. 1100

D. Rs. 1000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 1500*0.8 = 1200. CP = 1200 / 1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. What is his profit percentage?

A. 15%

B. 20%

C. 25%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP of 1 lemon = 1/2 = 0.5. SP of 1 lemon = 3/5 = 0.6. Profit = 0.6 - 0.5 = 0.1. Profit % = (0.1 / 0.5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1350

D. Rs. 1100

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Selling Price = 1440. Profit = 20%. Cost Price = 1440 / 1.20 = 1200.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs