A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage? MCQ with Answer and Explanation

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A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?

A. 30%

B. 25%

C. 15%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 40% above cost and gives a discount of 25%. What is his profit percent?

A. 15%

B. 5%

C. 10%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a 10% discount on the marked price of a camera. If the camera costs him Rs. 600, what should be the marked price to make a profit of 20%?

A. Rs. 850

B. Rs. 900

C. Rs. 750

D. Rs. 800

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Correct Answer: Option D

Explanation:
Cost Price = 600. Target Selling Price for 20% profit = 600 * 1.20 = 720. Marked Price * 0.90 = 720. Marked Price = 720 / 0.90 = 800.

This question belongs to: Maths Profit And Loss