A merchant earns a 25% profit on the selling price of an article. What is his true profit percentage on the cost price? MCQ with Answer and Explanation

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A merchant earns a 25% profit on the selling price of an article. What is his true profit percentage on the cost price?

A. 20%

B. 33.33%

C. 40%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. True profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer buys an article for Rs. 600 and sells it at a profit of 15%. What is the selling price?

A. Rs. 700

B. Rs. 670

C. Rs. 680

D. Rs. 690

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Correct Answer: Option D

Explanation:
SP = 600 + 15% of 600 = 600 + 90 = 690.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 900 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1035

C. Rs. 1050

D. Rs. 1000

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 520

B. Rs. 500

C. Rs. 480

D. Rs. 510

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Correct Answer: Option B

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

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