A person buys a toy for Rs. 150 and sells it for Rs. 180. What is the profit percentage? MCQ with Answer and Explanation

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A person buys a toy for Rs. 150 and sells it for Rs. 180. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 20%

B. 25%

C. 18%

D. 15%

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Correct Answer: Option A

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 220

B. Rs. 160

C. Rs. 180

D. Rs. 200

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Correct Answer: Option C

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

Question #3

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I sold two watches for Rs. 300 each, one at a 10% loss and the other at a 10% profit. What is my total loss percentage?

A. 1%

B. 3%

C. 4%

D. 2%

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Correct Answer: Option A

Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.

This question belongs to: Maths Profit And Loss

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