A man buys an article for Rs. 200 and sells it for Rs. 240. What is the gain percent? MCQ with Answer and Explanation

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A man buys an article for Rs. 200 and sells it for Rs. 240. What is the gain percent?

A. 18%

B. 25%

C. 15%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Gain = 40, gain% = (40/200)*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. Find his total gain percentage.

A. 35%

B. 30%

C. 40%

D. 37.5%

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Correct Answer: Option D

Explanation:
Let 1000g cost Rs. 100. He sells 800g (cost Rs. 80) for Rs. 110. Profit = 110 - 80 = 30. Profit % = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss percentage.

A. 11.11%

B. 10%

C. 9.09%

D. 12.5%

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Correct Answer: Option B

Explanation:
Loss = Cost Price of 36 - Selling Price of 36. Loss = Selling Price of 4. Selling Price of 4 = Cost Price of 36 - Selling Price of 36. 40 * Selling Price = 36 * Cost Price. Selling Price / Cost Price = 36 / 40 = 9 / 10. Loss percentage = 10%.

This question belongs to: Maths Profit And Loss