A person buys 10 oranges for Rs. 20 and sells 8 oranges for Rs. 20. What is the profit or loss percentage? MCQ with Answer and Explanation

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A person buys 10 oranges for Rs. 20 and sells 8 oranges for Rs. 20. What is the profit or loss percentage?

A. Profit 20%

B. Profit 25%

C. No profit no loss

D. Loss 25%

Answer: Option B

Solution (By JKSSB Mock Tests)

CP per orange = 20/10 = 2. SP per orange = 20/8 = 2.5. Profit = 0.5, profit% = (0.5/2)*100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 160

B. Rs. 220

C. Rs. 200

D. Rs. 180

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Correct Answer: Option D

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 270 and the loss is 10%, find the cost price.

A. Rs. 280

B. Rs. 310

C. Rs. 290

D. Rs. 300

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 270 / 0.9 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?

A. 55%

B. 65%

C. 50%

D. 60%

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Correct Answer: Option D

Explanation:
He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.

This question belongs to: Maths Profit And Loss

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