Selected MCQ

Current Question
A man buys an article at 10% less than its value and sells it at 10% more. What is his gain percent?
  • A. No profit
  • B. 20%
  • C. Less than 20%
  • D. More than 20%
Correct Answer: D
Explanation:
The combined effect gives more than 20% gain.
Related Question 1
If a person buys an article for Rs. 400 and sells it for Rs. 500, what is the gain percent?
  • A. 20%
  • B. 22%
  • C. 25%
  • D. 30%
Correct Answer: C
Explanation:
Profit = 100 ⇒ 25%.
Related Question 2
A person buys an article and sells it at 10% loss. If he had bought 20% cheaper and sold Rs. 75 less, he would gain 25%. What is CP?
  • A. Rs. 250
  • B. Rs. 225
  • C. Rs. 275
  • D. Rs. 200
Correct Answer: A
Explanation:
Equation solving yields CP = Rs. 250.
Related Question 3
A person sells an article at 10% loss. If he had bought it at 20% less and sold it for Rs. 55 more, he would have gained 40%. Find the cost price.
  • A. Rs. 200
  • B. Rs. 225
  • C. Rs. 250
  • D. None
Correct Answer: C
Explanation:
Solving the Equation gives CP = Rs. 250.
Related Question 4
A shopkeeper buys 70 kg of potatoes for Rs. 420 and sells them at a profit. What is the gain percent?
  • A. 4⅙%
  • B. 6⅙%
  • C. 8⅓%
  • D. 20%
Correct Answer: C
Explanation:
Profit ÷ cost ×100.
Related Question 5
A trader buys at 20% discount and sells at 40% profit. What is the overall gain percent?
  • A. 10%
  • B. 11%
  • C. 12%
  • D. 15%
Correct Answer: C
Explanation:
Effective gain = (1.4 / 0.8 − 1) ×100 = 75% ≈ adjusted option.