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

Question

Share Report Error

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. 30%

C. 40%

D. 33.33%

Answer: Option D

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If an item is sold for Rs. 450 at a 10% loss, what was its cost price?

A. Rs. 490

B. Rs. 480

C. Rs. 500

D. Rs. 520

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Selling Price is 90% of Cost Price. 0.90 * CP = 450. CP = 450 / 0.90 = Rs. 500.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

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. 530

B. Rs. 500

C. Rs. 517.65

D. Rs. 510

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 450, there is a loss of 10%. What is the cost price?

A. Rs. 500

B. Rs. 520

C. Rs. 480

D. Rs. 460

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 450/0.9 = 500.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs