A person buys a pencil for Rs. 10 and sells it for Rs. 12. What is the gain percent? MCQ with Answer and Explanation

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A person buys a pencil for Rs. 10 and sells it for Rs. 12. What is the gain percent?

A. 20%

B. 10%

C. 25%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Gain = 2, gain% = 2/10*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 390

B. Rs. 410

C. Rs. 400

D. Rs. 385

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 414

B. Rs. 430

C. Rs. 400

D. Rs. 420

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Correct Answer: Option A

Explanation:
SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 108 and the profit is 20%, find the cost price.

A. Rs. 95

B. Rs. 85

C. Rs. 90

D. Rs. 100

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Correct Answer: Option C

Explanation:
CP = 108 / 1.20 = 90.

This question belongs to: Maths Profit And Loss

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