A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage? MCQ with Answer and Explanation

A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage?
A. 20%
B. 15%
C. 25%
D. 10%
Answer: Option A
Solution (By JKSSB Mock Tests)
Profit = 30 - 25 = 5. Profit% = (5/25)*100 = 20%.

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Practice More Profit And Loss Questions

Question #1
A shopkeeper bought 600 kg of rice. He sold a part of it at 15% profit and the remaining at 20% loss. If he incurred an overall loss of 6%, what quantity of rice was sold at 20% loss?
A. 360 kg
B. 300 kg
C. 240 kg
D. 400 kg

Correct Answer: Option A


Explanation:
Let the quantity sold at 15% profit be x kg. The quantity sold at 20% loss is (600 - x) kg. Overall loss is 6%. So, 15x - 20(600 - x) = -6 * 600. 15x - 12000 + 20x = -3600. 35x = 8400. x = 240. Quantity sold at 20% loss = 600 - 240 = 360 kg.

This question belongs to: Maths Profit And Loss
Question #2
A man sold two items for Rs. 10000 each. On the first item, he gained 25%. On the second item, he lost 20%. Find his total profit or loss amount in Rupees.
A. Loss Rs. 500
B. Loss Rs. 1000
C. Profit Rs. 500
D. Profit Rs. 1000

Correct Answer: Option A


Explanation:
SP1 = 10000, Profit = 25%, CP1 = 10000 / 1.25 = 8000. SP2 = 10000, Loss = 20%, CP2 = 10000 / 0.80 = 12500. Total CP = 8000 + 12500 = 20500. Total SP = 10000 + 10000 = 20000. Total Loss = Total CP - Total SP = 20500 - 20000 = Rs. 500.

This question belongs to: Maths Profit And Loss
Question #3
A trader sells an article at a 15% profit. If he buys it at 10% less and sells it for Rs. 4 less, he still makes a 25% profit. Find the original cost price.
A. Rs. 180
B. Rs. 150
C. Rs. 160
D. Rs. 200

Correct Answer: Option C


Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.25 = 112.5x. Difference = 115x - 112.5x = 2.5x. 2.5x = 4. x = 1.6. Cost Price = 100 * 1.6 = 160.

This question belongs to: Maths Profit And Loss