A person buys 3 pens for Rs. 15 and sells 2 pens for Rs. 12. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 3 pens for Rs. 15 and sells 2 pens for Rs. 12. What is the profit percentage?

A. 15%

B. 25%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

CP per pen = 15/3 = 5. SP per pen = 12/2 = 6. Profit = 1, profit% = 1/5*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a TV at Rs. 12000, incurring a loss of 20%. What is the cost price of the TV?

A. Rs. 15000

B. Rs. 14000

C. Rs. 16000

D. Rs. 14500

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 12000/0.8 = 15000.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 260

B. Rs. 240

C. Rs. 250

D. Rs. 270

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Correct Answer: Option C

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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A trader gives a discount of 20% on the marked price and still gains 10%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1125

B. Rs. 1090.91

C. Rs. 1050

D. Rs. 1100

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200. CP = 1200 / 1.10 = 1090.91.

This question belongs to: Maths Profit And Loss

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