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

Question

Share Report Error

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

A. 25%

B. 20%

C. 18%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Gain = 40, gain% = (40/200)*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 trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 5%

B. 10%

C. 20%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 650

B. Rs. 700

C. Rs. 675

D. Rs. 660

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 540 * 1.25 = 675.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If an article is sold at Rs. 105, there is a profit of 5%. Find its cost price.

A. Rs. 100

B. Rs. 98

C. Rs. 110

D. Rs. 95

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 105/1.05 = 100.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs