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. 20%

B. 25%

C. 30%

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 person bought a table for Rs. 1200 and sold it for Rs. 1440. What is the gain percent?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 240, gain% = 240/1200*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a watch for Rs. 480, gaining 20%. Find the cost price.

A. Rs. 440

B. Rs. 380

C. Rs. 400

D. Rs. 420

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Correct Answer: Option C

Explanation:
CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 210

B. Rs. 195

C. Rs. 205

D. Rs. 200

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

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