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

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

A. 20%

B. 15%

C. 30%

D. 25%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys an article for Rs. 120 and sells it for Rs. 150. What is his gain percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Gain = 30, gain% = (30/120)*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a pencil for Rs. 10 and sells it for Rs. 12. What is the gain percent?

A. 25%

B. 20%

C. 10%

D. 15%

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Correct Answer: Option B

Explanation:
Gain = 2, gain% = 2/10*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 300, profit% = 300/1200*100=25%.

This question belongs to: Maths Profit And Loss

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