A person buys a pair of shoes for Rs. 400 and sells them for Rs. 480. What is the gain percent? MCQ with Answer and Explanation

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A person buys a pair of shoes for Rs. 400 and sells them for Rs. 480. What is the gain percent?

A. 15%

B. 25%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage?

A. 21%

B. 18%

C. 20%

D. 22%

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Correct Answer: Option C

Explanation:
Let total goods = 120. Cost Price = 120. Parts are 40, 30, and 50. Profit = (40 * 15%) + (30 * 20%) + (50 * 24%) = 6 + 6 + 12 = 24. Overall profit percentage = (24 / 120) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 950

B. Rs. 940

C. Rs. 900

D. Rs. 920

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Correct Answer: Option D

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

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Question #3

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If the selling price of an article is Rs. 110 and the loss is 15%, find the cost price.

A. Rs. 129.41

B. Rs. 130

C. Rs. 125

D. Rs. 120

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

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