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. 30%

C. 15%

D. 25%

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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If the selling price of an article is Rs. 135 and the profit is 35%, find the cost price.

A. Rs. 100

B. Rs. 95

C. Rs. 105

D. Rs. 110

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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A person sold a TV for Rs. 12000, making a profit of 20%. What was the cost price?

A. Rs. 10500

B. Rs. 9500

C. Rs. 11000

D. Rs. 10000

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Correct Answer: Option D

Explanation:
CP = 12000 / 1.20 = 10000.

This question belongs to: Maths Profit And Loss

Question #3

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I sold two watches for Rs. 300 each, one at a 10% loss and the other at a 10% profit. What is my total loss percentage?

A. 3%

B. 1%

C. 4%

D. 2%

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Correct Answer: Option B

Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.

This question belongs to: Maths Profit And Loss

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