A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage? MCQ with Answer and Explanation

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A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 18%

B. 20%

C. 15%

D. 25%

Answer: Option B

Solution (By JKSSB Mock Tests)

Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

A man sells a watch for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 640

B. Rs. 680

C. Rs. 600

D. Rs. 560

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Correct Answer: Option C

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 410

B. Rs. 380

C. Rs. 420

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper sells rice at a 10% profit and uses a weight which is 30% less than the actual measure. What is his total profit percentage?

A. 57.14%

B. 45.45%

C. 50%

D. 60%

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Correct Answer: Option A

Explanation:
He gives 700g but charges for 1000g + 10% profit = 1100g worth of value. Profit = 1100 - 700 = 400. Profit percentage = (400 / 700) * 100 = 57.14%.

This question belongs to: Maths Profit And Loss

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