A person buys 5 kg of sugar at Rs. 35 per kg and sells at Rs. 42 per kg. What is the profit percentage? MCQ with Answer and Explanation

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A person buys 5 kg of sugar at Rs. 35 per kg and sells at Rs. 42 per kg. What is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

CP = 5*35 = 175, SP = 5*42 = 210, profit = 35, profit% = 35/175*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sold two articles for Rs. 1000 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percent?

A. Loss 4%

B. Loss 2%

C. Gain 4%

D. No profit no loss

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Correct Answer: Option A

Explanation:
CP of first = 1000/1.2 = 833.33; CP of second = 1000/0.8 = 1250; total CP = 2083.33; total SP = 2000; loss = 83.33; loss% = (83.33/2083.33)*100 = 4%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells them at 9 for Rs. 20. What is his profit or loss percentage?

A. No profit no loss

B. 1.5% Loss

C. 1.23% Loss

D. 1% Loss

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Correct Answer: Option C

Explanation:
Let he buy 20 of each (LCM of 5 and 4). CP1 = (10/5)*20 = 40. CP2 = (10/4)*20 = 50. Total CP = 90 for 40 oranges. SP of 40 oranges = (20/9) * 40 = 800/9 = 88.88. Loss = 90 - 88.88 = 1.11. Loss % = (1.11 / 90) * 100 = 1.23%.

This question belongs to: Maths Profit And Loss