If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent. MCQ with Answer and Explanation

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If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent.

A. 40%

B. 25%

C. 33.33%

D. 50%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 3 = 3, SP of 2 = 3 => SP of 1 = 3/2 = 1.5, gain = 50%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 414

B. Rs. 400

C. Rs. 420

D. Rs. 430

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Correct Answer: Option A

Explanation:
SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

Question #2

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A merchant mixes 40 kg of rice at Rs. 20/kg with 60 kg of rice at Rs. 30/kg. He sells the mixture at Rs. 31.20/kg. What is his profit percentage?

A. 22%

B. 15%

C. 20%

D. 18%

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Correct Answer: Option C

Explanation:
Total Cost = (40 * 20) + (60 * 30) = 800 + 1800 = 2600. Total Selling Price = 100 * 31.20 = 3120. Profit = 3120 - 2600 = 520. Profit percentage = (520 / 2600) * 100 = 20%.

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Question #3

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If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 250

B. Rs. 400

C. Rs. 350

D. Rs. 300

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Correct Answer: Option D

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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