A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage? MCQ with Answer and Explanation

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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What is the single equivalent discount for two successive discounts of 10% and 10%?

A. 20%

B. 19%

C. 21%

D. 18%

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Correct Answer: Option B

Explanation:
Equivalent discount = a + b - (ab / 100) = 10 + 10 - (100 / 100) = 19%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. Profit 2.5%

B. No profit no loss

C. Loss 5%

D. Loss 2.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price?

A. Rs. 2050

B. Rs. 1900

C. Rs. 2100

D. Rs. 2000

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Correct Answer: Option D

Explanation:
CP = 2200/1.1 = 2000.

This question belongs to: Maths Profit And Loss

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