A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 20%

B. 25%

C. 30%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an item at Rs. 800, gaining 25%. What is the cost price?

A. Rs. 640

B. Rs. 620

C. Rs. 680

D. Rs. 660

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Correct Answer: Option A

Explanation:
CP = 800 / 1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

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Question #3

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Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. No profit no loss

B. 2.25% profit

C. 2.5% loss

D. 2.25% loss

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Correct Answer: Option D

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

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