A man buys a mobile for Rs. 5000 and sells it for Rs. 6000. What is the profit percentage? MCQ with Answer and Explanation

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A man buys a mobile for Rs. 5000 and sells it for Rs. 6000. What is the profit percentage?

A. 30%

B. 15%

C. 25%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 1000, profit% = 1000/5000*100 = 20%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 240

B. Rs. 260

C. Rs. 270

D. Rs. 250

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Correct Answer: Option D

Explanation:
CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

Question #2

A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 500

B. Rs. 600

C. Rs. 550

D. Rs. 650

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Correct Answer: Option B

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper professes to sell at cost price but uses a 950g weight for 1kg. Find his profit percentage.

A. 5%

B. 6%

C. 5.5%

D. 5.26%

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Correct Answer: Option D

Explanation:
Error = 50g. Profit % = (50 / 950) * 100 = 100 / 19 = 5.26%.

This question belongs to: Maths Profit And Loss

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