A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage. MCQ with Answer and Explanation

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A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage.

A. 120%

B. 125%

C. 115%

D. 100%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost Price of 1 pencil = 2 / 3. Selling Price of 1 pencil = 3 / 2. Profit = (3 / 2) - (2 / 3) = (9 - 4) / 6 = 5 / 6. Profit percentage = ((5 / 6) / (2 / 3)) * 100 = (5 / 4) * 100 = 125%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 650

B. Rs. 700

C. Rs. 660

D. Rs. 675

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Correct Answer: Option D

Explanation:
SP = 540 * 1.25 = 675.

This question belongs to: Maths Profit And Loss

Question #2

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A fruit vendor buys apples at the rate of 5 for Rs. 10 and sells them at the rate of 4 for Rs. 12. His gain percent is:

A. 55%

B. 40%

C. 60%

D. 50%

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Correct Answer: Option D

Explanation:
Cost Price of 1 apple = 10 / 5 = 2. Selling Price of 1 apple = 12 / 4 = 3. Profit = 1. Profit percentage = (1 / 2) * 100 = 50%.

This question belongs to: Maths Profit And Loss

Question #3

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An electronics store allows successive discounts of 15% and 20% on a laptop marked at Rs. 60,000. If the store still makes a 20% profit, what is the cost price?

A. Rs. 40000

B. Rs. 32000

C. Rs. 36000

D. Rs. 34000

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Correct Answer: Option D

Explanation:
Marked Price = 60000. Price after 15% discount = 51000. Price after further 20% discount = 51000 * 0.80 = 40800. Selling Price = 40800. Profit = 20%. Cost Price = 40800 / 1.20 = 34000.

This question belongs to: Maths Profit And Loss

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