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. 30%

C. 20%

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 person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 9 articles is equal to the selling price of 11 articles, find the loss percent.

A. 18.18%

B. 15%

C. 12%

D. 20%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 9 = 9, SP of 11 = 9 => SP of 1 = 9/11 = 0.818, loss = (1-0.818)*100 = 18.18%.

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Question #3

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If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 10%

B. 15%

C. 16.67%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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