A person buys a book for Rs. 80 and sells it for Rs. 96. What is the gain percentage? MCQ with Answer and Explanation

Question

Share Report Error

A person buys a book for Rs. 80 and sells it for Rs. 96. What is the gain percentage?

A. 18%

B. 25%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Gain = 16, gain% = 16/80*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 dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 4%

B. 6%

C. 8%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 638.89

C. Rs. 650

D. Rs. 700

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 500*1.15 = 575. MP = 575 / 0.9 = 638.89.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A man bought 2 articles for Rs. 1200 each. He sold one at a 20% loss and the other at a 20% profit. What is his overall profit or loss percentage?

A. 4% Profit

B. No Profit No Loss

C. 4% Loss

D. 8% Loss

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
When CP is the same for two articles, and one is sold at x% profit and the other at x% loss, the overall result is No Profit No Loss.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs