The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent. MCQ with Answer and Explanation

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 30%

B. 20%

C. 25%

D. 33.33%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2000

B. Rs. 2300

C. Rs. 2200

D. Rs. 2100

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Correct Answer: Option C

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

Question #2

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If an article is sold at Rs. 105, there is a profit of 5%. Find its cost price.

A. Rs. 100

B. Rs. 98

C. Rs. 110

D. Rs. 95

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Correct Answer: Option A

Explanation:
CP = 105/1.05 = 100.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 460

D. Rs. 520

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Correct Answer: Option B

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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