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. 10%

B. 25%

C. 20%

D. 15%

Answer: Option C

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 cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 15%

B. 18%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1000

B. Rs. 1050

C. Rs. 900

D. Rs. 1100

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Correct Answer: Option A

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article at a profit of 15%. If the cost price is Rs. 300, what is the selling price?

A. Rs. 330

B. Rs. 345

C. Rs. 360

D. Rs. 340

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Correct Answer: Option B

Explanation:
SP = 300 * 1.15 = 345.

This question belongs to: Maths Profit And Loss

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