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. 37.5%

B. 30%

C. 35%

D. 27.5%

Answer: Option A

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 a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price?

A. Rs. 1220

B. Rs. 1150

C. Rs. 1180

D. Rs. 1200

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Correct Answer: Option D

Explanation:
CP = 1080/0.9 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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The difference between selling an article at a profit of 8% and a loss of 4% is Rs. 108. Find the cost price.

A. Rs. 850

B. Rs. 800

C. Rs. 900

D. Rs. 950

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Correct Answer: Option C

Explanation:
Difference = 8% - (-4%) = 12% of CP. 12% of CP = 108. CP = 10800 / 12 = Rs. 900.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 480 and the selling price is Rs. 600, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 120, profit% = 120/480*100 = 25%.

This question belongs to: Maths Profit And Loss

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