A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage? MCQ with Answer and Explanation

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A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?

A. 25%

B. 30%

C. 15%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 510

B. Rs. 530

C. Rs. 500

D. Rs. 517.65

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Correct Answer: Option D

Explanation:
SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 20%

B. 25%

C. 18%

D. 15%

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Correct Answer: Option A

Explanation:
Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

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