If an article is sold at Rs. 315, there is a loss of 10%. At what price should it be sold to gain 5%? MCQ with Answer and Explanation

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If an article is sold at Rs. 315, there is a loss of 10%. At what price should it be sold to gain 5%?

A. Rs. 375

B. Rs. 360

C. Rs. 367.50

D. Rs. 350

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 315 / 0.9 = 350. To gain 5%, SP = 350*1.05 = 367.50.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a dozen eggs for Rs. 36 and sells them at Rs. 4 per egg. What is the profit percentage?

A. 20%

B. 33.33%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
CP per egg = 36/12 = 3. SP = 4. Profit = 1, profit% = 1/3*100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?

A. Rs. 18000

B. Rs. 20000

C. Rs. 16000

D. Rs. 15000

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Correct Answer: Option A

Explanation:
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.

This question belongs to: Maths Profit And Loss