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. 12%

B. 15%

C. 8%

D. 10%

Answer: Option D

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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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 25%

B. 15%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.

A. Rs. 280

B. Rs. 340

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 12%

B. 10%

C. 8.75%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

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