If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent. MCQ with Answer and Explanation

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If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent.

A. 25%

B. 20%

C. 40%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 7 = 7, SP of 5 = 7 => SP of 1 = 7/5 = 1.4, gain = 40%.

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. 960, gaining 20%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 840

D. Rs. 820

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Correct Answer: Option B

Explanation:
CP = 960 / 1.20 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 156 and the profit is 30%, find the cost price.

A. Rs. 130

B. Rs. 120

C. Rs. 140

D. Rs. 110

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Correct Answer: Option B

Explanation:
CP = 156 / 1.30 = 120.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 8%

B. 10%

C. 15%

D. 12%

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Correct Answer: Option B

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

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