A fruit seller buys 100 oranges at Rs. 4 each and sells them at Rs. 5 each. What is his profit percentage? MCQ with Answer and Explanation

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A fruit seller buys 100 oranges at Rs. 4 each and sells them at Rs. 5 each. What is his profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

CP = 400, SP = 500, profit = 100, profit% = (100/400)*100=25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price.

A. Rs. 820

B. Rs. 840

C. Rs. 800

D. Rs. 780

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Correct Answer: Option C

Explanation:
CP = 880/1.1 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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An electronics store allows successive discounts of 15% and 20% on a laptop marked at Rs. 60,000. If the store still makes a 20% profit, what is the cost price?

A. Rs. 34000

B. Rs. 32000

C. Rs. 36000

D. Rs. 40000

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Correct Answer: Option A

Explanation:
Marked Price = 60000. Price after 15% discount = 51000. Price after further 20% discount = 51000 * 0.80 = 40800. Selling Price = 40800. Profit = 20%. Cost Price = 40800 / 1.20 = 34000.

This question belongs to: Maths Profit And Loss