Selected MCQ

Current Question
A person buys an article at Rs. 500. At what price should he sell to gain 20%?
  • A. Rs. 600
  • B. Rs. 500
  • C. Rs. 250
  • D. Rs. 700
Correct Answer: A
Explanation:
SP = 500 × 1.2 = 600.
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 man buys an article for Rs. 500 and sells it at a loss of 10%. Selling price is ____.
  • A. Rs. 450
  • B. Rs. 400
  • C. Rs. 480
  • D. Rs. 420
Correct Answer: A
Explanation:
SP = 90% of 500 = 450.
Related Question 5
A man buys an article for Rs. 800 and sells it at a loss of 10%. Selling price ____.
  • A. 720
  • B. 740
  • C. 760
  • D. 780
Correct Answer: A
Explanation:
SP = 800 × 0.9.