A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage?

A. 25%

B. 40%

C. 50%

D. 33.33%

Answer: Option C

Solution (By JKSSB Mock Tests)

2 dozen = 24, CP per banana = 48/24 = 2, SP = 3, profit = 1, profit% = 1/2*100 = 50%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper incurs a 10% loss by selling an item for Rs. 1800. At what price should he sell the item to earn a 10% profit?

A. Rs. 2200

B. Rs. 2100

C. Rs. 2400

D. Rs. 2000

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Correct Answer: Option A

Explanation:
Cost price = Selling price / 0.90 = 1800 / 0.90 = Rs. 2000. Desired Selling price = 110% of Cost price = 1.10 * 2000 = Rs. 2200.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price is Rs. 250 and the selling price is Rs. 300, find the profit percentage.

A. 20%

B. 25%

C. 15%

D. 18%

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Correct Answer: Option A

Explanation:
Profit = 50, profit% = 50/250*100=20%.

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Question #3

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 285

B. Rs. 275

C. Rs. 290

D. Rs. 280

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Correct Answer: Option D

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

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