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

Question

Share Report Error

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

A. 25%

B. 20%

C. 30%

D. 15%

Answer: Option A

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

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

An article is sold at Rs. X. If it is sold at 54.54% of X, there is a loss of 20%. What is the profit percentage when it is sold at Rs. X?

A. 50%

B. 45%

C. 42.5%

D. 46.66%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
54.54% = 6/11. Selling at (6/11) * X results in 20% loss, meaning Selling Price = 0.80 * Cost Price. (6/11) * X = 0.80 * Cost Price. X = (0.80 * 11 / 6) * Cost Price = (8.8 / 6) * Cost Price = (88 / 60) * Cost Price = (22 / 15) * Cost Price. Profit = (22 / 15) - 1 = 7 / 15. Profit percentage = (7 / 15) * 100 = 46.66%.

This question belongs to: Maths Profit And Loss