A shopkeeper bought an article for Rs. 500 and sold it for Rs. 600. What is his profit percentage? MCQ with Answer and Explanation

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A shopkeeper bought an article for Rs. 500 and sold it for Rs. 600. What is his profit percentage?

A. 25%

B. 15%

C. 10%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = Selling Price (SP) - Cost Price (CP) = 600 - 500 = 100. Profit Percentage = (Profit / CP) * 100 = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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The selling price of an article is Rs. 960. If the profit is 20%, what is the cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 800

D. Rs. 840

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Correct Answer: Option C

Explanation:
CP = 960 / 1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage?

A. 25%

B. 15%

C. 22.5%

D. 20%

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Correct Answer: Option D

Explanation:
Marked Price = 500. Selling Price = 400. Discount = 100. Discount percentage = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.

A. Rs. 2500

B. Rs. 3200

C. Rs. 3000

D. Rs. 2800

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Correct Answer: Option C

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

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