If the cost price of 7 articles is equal to the selling price of 6 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 6 articles, find the gain percent.

A. 15%

B. 16.67%

C. 12%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 7 = 7, SP of 6 = 7 => SP of 1 = 7/6 = 1.1667, gain = 16.67%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article for Rs. 840, gaining 5%. What is the cost price?

A. Rs. 820

B. Rs. 780

C. Rs. 810

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 840 / 1.05 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a product for Rs. 240 and sells it for Rs. 300. What is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option A

Explanation:
Profit = 60, profit% = 60/240*100=25%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?

A. 25%

B. 20%

C. 30%

D. 26%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.

This question belongs to: Maths Profit And Loss

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