If the cost price of 10 articles is equal to the selling price of 9 articles, find the gain percent. MCQ with Answer and Explanation

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If the cost price of 10 articles is equal to the selling price of 9 articles, find the gain percent.

A. 15%

B. 10%

C. 12%

D. 11.11%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price.

A. Rs. 880

B. Rs. 920

C. Rs. 950

D. Rs. 900

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Correct Answer: Option D

Explanation:
CP = 1080 / 1.20 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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Two items are sold for Rs. 2400 each. One at a 20% profit, the other at a 20% loss. Find the overall loss in rupees.

A. Rs. 200

B. Rs. 400

C. Rs. 100

D. Rs. 0

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Correct Answer: Option A

Explanation:
CP1 = 2400/1.2 = 2000. CP2 = 2400/0.8 = 3000. Total CP = 5000. Total SP = 4800. Loss = 5000 - 4800 = Rs. 200.

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Question #3

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A person buys 2 kg of sugar at Rs. 40 per kg and 3 kg at Rs. 50 per kg. He mixes and sells at Rs. 60 per kg. What is his profit percentage?

A. 30%

B. 35%

C. 40%

D. 45%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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