If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent. MCQ with Answer and Explanation

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If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 10%

B. 8%

C. 15%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 23.25%

C. 20%

D. 18%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 10%

B. 2%

C. 5%

D. 8%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 170, SP = 170*0.6 = 102, profit = 2%.

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Question #3

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A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1050

B. Rs. 1100

C. Rs. 1000

D. Rs. 900

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Correct Answer: Option C

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

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