If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent. MCQ with Answer and Explanation

Question

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 15%

B. 30%

C. 20%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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If an item is sold for Rs. 1020 at a loss of 15%, what was its cost price?

A. Rs. 1200

B. Rs. 1100

C. Rs. 1150

D. Rs. 1250

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Correct Answer: Option A

Explanation:
Selling Price = 1020. Loss = 15%. Cost Price = (1020 / 0.85) = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 385

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

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Question #3

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A shopkeeper sells an item at Rs. 180, losing 10%. What is the cost price?

A. Rs. 190

B. Rs. 200

C. Rs. 210

D. Rs. 185

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Correct Answer: Option B

Explanation:
CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

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