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

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. 10%
B. 25%
C. 20%
D. 15%
Answer: Option C
Solution (By JKSSB Mock Tests)
CP = 20*30 = 600, SP = 20*36 = 720, profit = 120, profit% = 120/600*100 = 20%.

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Practice More Profit And Loss Questions

Question #1
A manufacturer sells to a wholesaler at a profit of 10%. The wholesaler sells to a dealer at a profit of 20%. The dealer sells to a retailer at a profit of 15%. If the retailer paid Rs. 30360, what was the manufacturer's cost?
A. Rs. 22000
B. Rs. 20000
C. Rs. 25000
D. Rs. 24000

Correct Answer: Option B


Explanation:
Let cost be x. x * 1.1 * 1.2 * 1.15 = 30360. x * 1.518 = 30360. x = 30360 / 1.518 = 20000.

This question belongs to: Maths Profit And Loss
Question #2
A trader marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?
A. 18%
B. 20%
C. 17%
D. 15%

Correct Answer: Option C


Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.

This question belongs to: Maths Profit And Loss
Question #3
A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.
A. Rs. 9600
B. Rs. 10400
C. Rs. 10000
D. Rs. 9000

Correct Answer: Option C


This question belongs to: Maths Profit And Loss