A person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is: MCQ with Answer and Explanation

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A person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is:

A. 35%

B. 27.5%

C. 37.5%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Cost Price of 1 kg = 1. Cost Price of 80 kg = 80. Profit = Cost Price of 30 kg = 30. Profit percentage = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 290

B. Rs. 300

C. Rs. 310

D. Rs. 320

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Correct Answer: Option B

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. No profit no loss

B. 6.25% loss

C. 6.25% profit

D. 5% loss

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Correct Answer: Option B

Explanation:
When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys 200 pens at Rs. 12 each and sells 150 pens at Rs. 15 each and the remaining at Rs. 10 each. What is his profit or loss percentage?

A. No profit no loss

B. Profit 10%

C. Profit 6.25%

D. Loss 6.25%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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