A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage? MCQ with Answer and Explanation

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A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 30%

B. 15%

C. 20%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Gain = 5, gain% = 5/20*100=25%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

If the loss is one-fifth of the cost price, what is the loss percentage?

A. 16.67%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

If the cost price of an article is Rs. 350 and it is sold at a loss of 8%, what is the selling price?

A. Rs. 322

B. Rs. 325

C. Rs. 330

D. Rs. 318

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Correct Answer: Option A

Explanation:
Loss = 8% of 350 = 28, SP = 350 - 28 = 322.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper sells a transistor at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for Rs. 6 more, he would have gained 10%. Find the cost price of the transistor.

A. Rs. 800

B. Rs. 600

C. Rs. 1200

D. Rs. 1000

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Correct Answer: Option C

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 105x. New Selling Price = 105x * 1.10 = 115.5x. Difference in Selling Price = 115.5x - 115x = 0.5x. 0.5x = 6. x = 12. Cost Price = 100 * 12 = 1200.

This question belongs to: Maths Profit And Loss

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