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

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

A. 20%

B. 18%

C. 25%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Gain = 16, gain% = 16/80*100=20%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 510

B. Rs. 480

C. Rs. 500

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If an article is sold at Rs. 315, there is a loss of 10%. At what price should it be sold to gain 5%?

A. Rs. 367.50

B. Rs. 360

C. Rs. 350

D. Rs. 375

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Correct Answer: Option A

Explanation:
CP = 315 / 0.9 = 350. To gain 5%, SP = 350*1.05 = 367.50.

This question belongs to: Maths Profit And Loss

Question #3

An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer?

A. 20%

B. 23%

C. 22%

D. 25%

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Correct Answer: Option A

Explanation:
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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