A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is: MCQ with Answer and Explanation

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A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is:

A. 30%

B. 25%

C. 33.33%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Gain = Selling Price of 50. Gain = Selling Price of 250 - Cost Price of 250. Selling Price of 50 = Selling Price of 250 - Cost Price of 250. Cost Price of 250 = Selling Price of 200. Cost Price / Selling Price = 200 / 250 = 4 / 5. Profit = 1 unit on CP 4. Profit percentage = (1 / 4) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

A shopkeeper marks his goods 40% above the cost price and allows a discount of 15%. What is his net profit percentage?

A. 21%

B. 18%

C. 19%

D. 20%

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Correct Answer: Option C

Explanation:
Let Cost Price = 100. Marked Price = 140. Selling Price = 140 * 0.85 = 119. Profit percentage = 19%.

This question belongs to: Maths Profit And Loss

Question #2

Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?

A. 33%

B. 32%

C. 30%

D. 35%

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Correct Answer: Option B

Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.

This question belongs to: Maths Profit And Loss

Question #3

A person sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 210

B. Rs. 205

C. Rs. 195

D. Rs. 200

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

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