By selling a product for Rs. 425, a man loses 15%. To gain 5%, at what price should he sell? MCQ with Answer and Explanation

By selling a product for Rs. 425, a man loses 15%. To gain 5%, at what price should he sell?
A. Rs. 550
B. Rs. 525
C. Rs. 500
D. Rs. 475
Answer: Option B
Solution (By JKSSB Mock Tests)
Cost Price = 425 / 0.85 = 500. Selling Price for 5% gain = 500 * 1.05 = 525.

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Practice More Profit And Loss Questions

Question #1
A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?
A. 30%
B. 20%
C. 15%
D. 25%

Correct Answer: Option B


Explanation:
Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss
Question #2
A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price?
A. Rs. 880
B. Rs. 840
C. Rs. 920
D. Rs. 800

Correct Answer: Option A


Explanation:
Total Cost Price = 500 + 10% of 500 = 550. Target Selling Price = 550 * 1.20 = 660. Marked Price = 660 / 0.75 = 880.

This question belongs to: Maths Profit And Loss
Question #3
A trader buys two horses for Rs. 19500. He sells one at a 20% loss and the other at a 15% profit. If the selling price of both horses is the same, find the cost price of the horse sold at a loss.
A. Rs. 11500
B. Rs. 9500
C. Rs. 8000
D. Rs. 10000

Correct Answer: Option A


Explanation:
Let Cost Price 1 = C1 and Cost Price 2 = C2. C1 * 0.80 = C2 * 1.15. C1 / C2 = 1.15 / 0.80 = 115 / 80 = 23 / 16. Total parts = 39. C1 = (23 / 39) * 19500 = 11500.

This question belongs to: Maths Profit And Loss