The cost price of 15 articles is equal to the selling price of 12 articles. Find the gain percent. MCQ with Answer and Explanation

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The cost price of 15 articles is equal to the selling price of 12 articles. Find the gain percent.

A. 30%

B. 25%

C. 20%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 15 = 15, SP of 12 = 15 => SP of 1 = 15/12 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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If an article is sold at Rs. 315, there is a loss of 10%. At what price should it be sold to gain 5%?

A. Rs. 360

B. Rs. 350

C. Rs. 367.50

D. Rs. 375

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Correct Answer: Option C

Explanation:
CP = 315 / 0.9 = 350. To gain 5%, SP = 350*1.05 = 367.50.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells rice at a 10% profit and uses a weight which is 30% less than the actual measure. What is his total profit percentage?

A. 60%

B. 50%

C. 57.14%

D. 45.45%

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Correct Answer: Option C

Explanation:
He gives 700g but charges for 1000g + 10% profit = 1100g worth of value. Profit = 1100 - 700 = 400. Profit percentage = (400 / 700) * 100 = 57.14%.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold a camera for Rs. 2400, losing 20%. What was the cost price?

A. Rs. 3200

B. Rs. 3000

C. Rs. 2800

D. Rs. 2500

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Correct Answer: Option B

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

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