Selected MCQ

Current Question
A fair price shopkeeper gains 10% but loses 20% of goods. What is his net gain percent?
  • A. 8%
  • B. 10%
  • C. 11%
  • D. 12%
Correct Answer: D
Explanation:
Effective gain ≈ 12% after accounting for loss and markup.
Related Question 1
A shopkeeper buys two items for Rs. 1000 each and sells both at the same price. He gains 10% on one and loses 10% on the other. Result is ____.
  • A. Neither profit nor loss
  • B. 1%
  • C. 2%
  • D. 3%
Correct Answer: A
Explanation:
Equal gain/loss cancels out.
Related Question 2
A shopkeeper marks goods 25% above the cost price and gives 10% discount. What is his profit percent ____.
  • A. 10%
  • B. 12.5%
  • C. 15%
  • D. 20%
Correct Answer: B
Explanation:
Net gain = (1.25 × 0.9 − 1) × 100.
Related Question 3
A shopkeeper gives 5% discount and still gains 23.5%. What was the marked price if the cost price is Rs. 20?
  • A. 24.5
  • B. 28.5
  • C. 30
  • D. Data insufficient
Correct Answer: C
Explanation:
The reverse calculation yields MP = 30.
Related Question 4
A man gains 20% by selling at a certain price. If he doubles the price, what is the profit percent?
  • A. 40%
  • B. 100%
  • C. 120%
  • D. 140%
Correct Answer: D
Explanation:
Doubling SP leads to 140% profit.
Related Question 5
Selling 50 m of cloth gives a profit equal to the selling price of 15 m. Gain percent is ____.
  • A. 35%
  • B. 30%
  • C. 40%
  • D. 42⅔%
Correct Answer: D
Explanation:
Profit ratio gives 42⅔%.