If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent. MCQ with Answer and Explanation

Question

Share Report Error

If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent.

A. 14.28%

B. 12.5%

C. 20%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 8 = 8, SP of 7 = 8 => SP of 1 = 8/7 = 1.1428, gain = 14.28%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dealer sells a product for Rs. 920, losing 8%. Find the cost price.

A. Rs. 980

B. Rs. 1020

C. Rs. 1000

D. Rs. 950

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 92% of CP => CP = 920 / 0.92 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?

A. Rs. 9

B. Rs. 10

C. Rs. 8

D. Rs. 12

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 210

B. Rs. 208

C. Rs. 200

D. Rs. 190

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs