A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1000

B. Rs. 1050

C. Rs. 1100

D. Rs. 980

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Correct Answer: Option A

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 210 and the profit is 5%, find the cost price.

A. Rs. 200

B. Rs. 205

C. Rs. 195

D. Rs. 210

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Correct Answer: Option A

Explanation:
CP = 210 / 1.05 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a toy for Rs. 250 and sells it for Rs. 200. What is the loss percentage?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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