A shopkeeper buys 20 kg of wheat at Rs. 30 per kg and sells at Rs. 36 per kg. What is his profit percentage? MCQ with Answer and Explanation

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A shopkeeper buys 20 kg of wheat at Rs. 30 per kg and sells at Rs. 36 per kg. What is his profit percentage?

A. 20%

B. 25%

C. 10%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 20*30 = 600, SP = 20*36 = 720, profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price.

A. Rs. 850

B. Rs. 800

C. Rs. 900

D. Rs. 750

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 480 and the selling price is Rs. 600, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 120, profit% = 120/480*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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A dishonest dealer marks up his goods by 20% and then gives a discount of 10%. He uses a 900g weight instead of 1kg. What is his actual profit percentage?

A. 20%

B. 22%

C. 15%

D. 18%

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Correct Answer: Option A

Explanation:
Actual Cost Price for 900g = 900. Marked Price for 1000g = 1200. Selling Price after 10% discount = 1080. He claims to sell 1000g but gives 900g. Profit = 1080 - 900 = 180. Profit percentage = (180 / 900) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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