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. 15%

B. 18%

C. 25%

D. 20%

Answer: Option D

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 shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 12%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option C

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at Rs. 720, incurring a loss of 10%. What is the cost price?

A. Rs. 820

B. Rs. 850

C. Rs. 800

D. Rs. 780

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Correct Answer: Option C

Explanation:
CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys an article for Rs. 200 and sells it for Rs. 240. What is the gain percent?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 40, gain% = (40/200)*100 = 20%.

This question belongs to: Maths Profit And Loss

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