A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage? MCQ with Answer and Explanation

Question

Share Report Error

A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 20%

B. 25%

C. 30%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 400, profit% = 400/2000*100 = 20%.

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

A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 5%

B. 15%

C. 10%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A trader sells an article for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 500

B. Rs. 520

C. Rs. 510

D. Rs. 480

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage?

A. 22%

B. 18%

C. 20%

D. 21%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let total goods = 120. Cost Price = 120. Parts are 40, 30, and 50. Profit = (40 * 15%) + (30 * 20%) + (50 * 24%) = 6 + 6 + 12 = 24. Overall profit percentage = (24 / 120) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs