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. 25%

B. 33.33%

C. 20%

D. 30%

Answer: Option A

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

If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 125

B. Rs. 135

C. Rs. 130

D. Rs. 128

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Correct Answer: Option D

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

Question #2

The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 15%

B. 20%

C. 25%

D. 16.67%

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Correct Answer: Option B

Explanation:
Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

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