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. 20%

B. 25%

C. 15%

D. 30%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A book was sold at a 12% profit. If it had been bought at 10% less and sold for Rs. 5.75 more, the profit would have been 30%. Find the cost price.

A. Rs. 120

B. Rs. 150

C. Rs. 125

D. Rs. 115

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Correct Answer: Option D

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 112x. New Cost Price = 90x. New Selling Price = 90x * 1.30 = 117x. Difference in Selling Price = 117x - 112x = 5x. 5x = 5.75. x = 1.15. Cost Price = 100 * 1.15 = 115.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 700

B. Rs. 681.82

C. Rs. 670

D. Rs. 660

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Correct Answer: Option B

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price?

A. 10% Profit

B. 15% Profit

C. 13.33% Profit

D. 11.5% Profit

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Correct Answer: Option C

Explanation:
Let Marked Price (MP) = 100. SP = 75. Loss = 15%, so SP = 0.85 * CP. 0.85 * CP = 75. CP = 75 / 0.85 = 1500 / 17. If sold at MP (100), Profit = 100 - (1500/17) = 200/17. Profit % = ((200/17) / (1500/17)) * 100 = (200/1500) * 100 = 13.33%.

This question belongs to: Maths Profit And Loss

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