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. 33.33%

B. 40%

C. 30%

D. 20%

Answer: Option A

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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If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 370

B. Rs. 360

C. Rs. 340

D. Rs. 350

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 210

B. Rs. 190

C. Rs. 200

D. Rs. 220

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Correct Answer: Option C

Explanation:
CP = 240 / 1.20 = 200.

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Question #3

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A man buys an article for Rs. 120 and sells it for Rs. 150. What is his gain percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option D

Explanation:
Gain = 30, gain% = (30/120)*100=25%.

This question belongs to: Maths Profit And Loss

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