A merchant buys a calculator for Rs. 800 and sells it for Rs. 1000. What is his profit percentage? MCQ with Answer and Explanation

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A merchant buys a calculator for Rs. 800 and sells it for Rs. 1000. What is his profit percentage?

A. 22.5%

B. 20%

C. 30%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = Selling Price - Cost Price = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 15%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1100

D. Rs. 1350

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Correct Answer: Option A

Explanation:
Selling Price = 1440. Profit = 20%. Cost Price = 1440 / 1.20 = 1200.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 340

B. Rs. 360

C. Rs. 350

D. Rs. 320

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

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