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. 12%

B. 16.67%

C. 20%

D. 15%

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 shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 800

B. Rs. 820

C. Rs. 850

D. Rs. 780

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Correct Answer: Option A

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 950

B. Rs. 1000

C. Rs. 1028.57

D. Rs. 1100

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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