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. 100%

B. 115%

C. 125%

D. 120%

Answer: Option C

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 selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 360

B. Rs. 350

C. Rs. 370

D. Rs. 340

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Correct Answer: Option A

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 25%

B. 50%

C. 40%

D. 33.33%

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Correct Answer: Option D

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 468 and the profit is 30%, find the cost price.

A. Rs. 340

B. Rs. 380

C. Rs. 360

D. Rs. 400

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Correct Answer: Option C

Explanation:
CP = 468 / 1.30 = 360.

This question belongs to: Maths Profit And Loss

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