A trader marked his goods at 20% above the cost price and sold them. In weighing, he gave 900g for 1kg. What is his total gain percentage? MCQ with Answer and Explanation

Question

A trader marked his goods at 20% above the cost price and sold them. In weighing, he gave 900g for 1kg. What is his total gain percentage?

A. 40%

B. 33.33%

C. 25%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost Price of 900g = 900. Selling Price charged for 1000g + 20% markup = 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader gives a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 540

B. Rs. 550

C. Rs. 564.71

D. Rs. 580

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Correct Answer: Option C

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a T-shirt for Rs. 800 and sells it at a profit of 25%. What is the selling price?

A. Rs. 1050

B. Rs. 900

C. Rs. 950

D. Rs. 1000

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Correct Answer: Option D

Explanation:
SP = 800*1.25 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a book for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 25%

B. 20%

C. 15%

D. 10%

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Correct Answer: Option B

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

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