A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage. MCQ with Answer and Explanation

Question

Share Report Error

A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.

A. 60%

B. 50%

C. 56.25%

D. 45%

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

An item is sold for Rs. 720 at a loss of 10%. What was the cost price of the item?

A. Rs. 850

B. Rs. 810

C. Rs. 750

D. Rs. 800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Selling Price is 90% of the Cost Price due to a 10% loss. So, 0.90 * CP = 720. CP = 720 / 0.90 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A dishonest dealer professes to sell his goods at cost price, but uses a 750 gram weight for 1 kg. Find his gain percentage.

A. 30%

B. 25%

C. 33.33%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Goods given = 750g. Goods charged for = 1000g. Gain = 250g. Gain percentage = (250 / 750) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

Successive discounts of 30% and 10% are equivalent to a single discount of:

A. 37%

B. 45%

C. 40%

D. 42%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Equivalent discount = A + B - (AB/100) = 30 + 10 - (300/100) = 40 - 3 = 37%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs