A person bought a dress for Rs. 1200 and sold it for Rs. 1440. What is the profit percentage? MCQ with Answer and Explanation

A person bought a dress for Rs. 1200 and sold it for Rs. 1440. What is the profit percentage?
A. 15%
B. 20%
C. 25%
D. 18%
Answer: Option B
Solution (By JKSSB Mock Tests)
Profit = 240, profit% = 240/1200*100=20%.

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Practice More Profit And Loss Questions

Question #1
A person buys a book for Rs. 80 and sells it for Rs. 96. What is the gain percentage?
A. 20%
B. 25%
C. 15%
D. 18%

Correct Answer: Option A


Explanation:
Gain = 16, gain% = 16/80*100=20%.

This question belongs to: Maths Profit And Loss
Question #2
A dishonest milkman professes to sell his milk at cost price but he mixes it with water and thereby gains 25%. What is the percentage of water in the mixture?
A. 20%
B. 16.67%
C. 25%
D. 33.33%

Correct Answer: Option A


Explanation:
Let the CP of 1 liter of pure milk be Rs. 1. SP of 1 liter of mixture is Rs. 1. Gain is 25%. Thus, CP of 1 liter of mixture = 100/125 * 1 = Rs. 0.8. Using alligation, ratio of milk to water is (1 - 0.8) : (0.8 - 0) = 0.8 : 0.2 = 4:1. Percentage of water in the mixture = (1 / (4 + 1)) * 100 = 20%.

This question belongs to: Maths Profit And Loss
Question #3
A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?
A. 20%
B. 30%
C. 25%
D. 15%

Correct Answer: Option C


Explanation:
Profit = 300, profit% = 300/1200*100=25%.

This question belongs to: Maths Profit And Loss