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. 15%

B. 25%

C. 20%

D. 30%

Answer: Option C

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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By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percentage during the sale season is:

A. 7%

B. 9%

C. 7.5%

D. 8%

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Correct Answer: Option D

Explanation:
Marked Price = 300. Original SP = 300. Profit = 20%, so CP = 300 / 1.2 = 250. Discount during sale = 10% on MP. New SP = 300 - 30 = 270. Profit = 270 - 250 = 20. Profit % = (20 / 250) * 100 = 8%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a book at a loss of 8%. If the selling price is Rs. 184, find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 185

D. Rs. 210

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Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 184 / 0.92 = 200.

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Question #3

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A book was sold at a 12% profit. If it had been bought at 10% less and sold for Rs. 5.75 more, the profit would have been 30%. Find the cost price.

A. Rs. 125

B. Rs. 115

C. Rs. 120

D. Rs. 150

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Correct Answer: Option B

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 112x. New Cost Price = 90x. New Selling Price = 90x * 1.30 = 117x. Difference in Selling Price = 117x - 112x = 5x. 5x = 5.75. x = 1.15. Cost Price = 100 * 1.15 = 115.

This question belongs to: Maths Profit And Loss

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