A shopkeeper buys 200 pens at Rs. 12 each and sells 150 pens at Rs. 15 each and the remaining at Rs. 10 each. What is his profit or loss percentage? MCQ with Answer and Explanation

A shopkeeper buys 200 pens at Rs. 12 each and sells 150 pens at Rs. 15 each and the remaining at Rs. 10 each. What is his profit or loss percentage?
A. Profit 10%
B. Profit 6.25%
C. No profit no loss
D. Loss 6.25%
Answer: Option B
Solution (By JKSSB Mock Tests)
The correct answer is Option B. Detailed explanation will be updated soon.

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Practice More Profit And Loss Questions

Question #1
A dealer buys an article for Rs. 600 and sells it at a profit of 15%. What is the selling price?
A. Rs. 670
B. Rs. 680
C. Rs. 690
D. Rs. 700

Correct Answer: Option C


Explanation:
SP = 600 + 15% of 600 = 600 + 90 = 690.

This question belongs to: Maths Profit And Loss
Question #2
If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.
A. Rs. 400
B. Rs. 410
C. Rs. 390
D. Rs. 385

Correct Answer: Option A


Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss
Question #3
The marked prices of a shirt and a pair of trousers are in the ratio 1:2. The shopkeeper gives a 40% discount on the shirt. If the total discount on both is 30%, what is the discount percentage on the trousers?
A. 20%
B. 35%
C. 30%
D. 25%

Correct Answer: Option D


Explanation:
Let Marked Price of shirt = x and trousers = 2x. Total Marked Price = 3x. Total discount = 30% of 3x = 0.9x. Discount on shirt = 40% of x = 0.4x. Discount on trousers = 0.9x - 0.4x = 0.5x. Percentage discount on trousers = (0.5x / 2x) * 100 = 25%.

This question belongs to: Maths Profit And Loss