A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent? MCQ with Answer and Explanation

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A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent?

A. 20%

B. 25%

C. 15%

D. 30%

Answer: Option A

Solution (By JKSSB Mock Tests)

Gain = 120, gain% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys a product for Rs. 450 and sells it at a loss of 8%. What is the selling price?

A. Rs. 414

B. Rs. 420

C. Rs. 400

D. Rs. 430

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Correct Answer: Option A

Explanation:
Loss = 8% of 450 = 36, SP = 450 - 36 = 414.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage?

A. 33.33%

B. 40%

C. 50%

D. 25%

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Correct Answer: Option C

Explanation:
2 dozen = 24, CP per banana = 48/24 = 2, SP = 3, profit = 1, profit% = 1/2*100 = 50%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price is Rs. 550 and the profit is 10%, find the cost price.

A. Rs. 510

B. Rs. 500

C. Rs. 495

D. Rs. 505

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Correct Answer: Option B

Explanation:
SP = 1.1 CP => CP = 550 / 1.1 = 500.

This question belongs to: Maths Profit And Loss

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