A person bought a table for Rs. 1200 and sold it for Rs. 1440. What is the gain percent? MCQ with Answer and Explanation

Question

Share Report Error

A person bought a table for Rs. 1200 and sold it for Rs. 1440. What is the gain percent?

A. 25%

B. 18%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Gain = 240, gain% = 240/1200*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

By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage.

A. 15%

B. 20%

C. 30%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let CP of 1 meter = 1. CP of 20 meters = 20. Profit = CP of 4 meters = 4. Profit % = (4/20) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A person sold a watch for Rs. 960, gaining 20%. What was its cost price?

A. Rs. 820

B. Rs. 840

C. Rs. 780

D. Rs. 800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 960/1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

An article is sold at 20% profit. If its cost price and selling price are both decreased by Rs. 100, the profit percentage becomes 25%. Find the original cost price.

A. Rs. 450

B. Rs. 600

C. Rs. 500

D. Rs. 400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let original CP = x. Original SP = 1.2x. New CP = x - 100. New SP = 1.2x - 100. New profit = 25%. So, 1.2x - 100 = 1.25(x - 100). 1.2x - 100 = 1.25x - 125. 0.05x = 25. x = 500.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs