A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage? MCQ with Answer and Explanation

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A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 25%

B. 15%

C. 18%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 70, profit% = 70/350*100 = 20%.

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. 384 and the profit is 28%, find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 384 / 1.28 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction?

A. Rs. 60

B. Rs. 72

C. Rs. 80

D. Rs. 64

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Correct Answer: Option B

Explanation:
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.

This question belongs to: Maths Profit And Loss