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. 25%

B. 30%

C. 40%

D. 33.33%

Answer: Option D

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 person sold a TV for Rs. 12000, making a profit of 20%. What was the cost price?

A. Rs. 10500

B. Rs. 11000

C. Rs. 10000

D. Rs. 9500

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Correct Answer: Option C

Explanation:
CP = 12000 / 1.20 = 10000.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a book for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 240

B. Rs. 220

C. Rs. 180

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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

A. 16.67%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

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