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

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

A. 25%

B. 15%

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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A dealer marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 20%

B. 18%

C. 15%

D. 17%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.

A. Rs. 750

B. Rs. 733.33

C. Rs. 700

D. Rs. 720

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.

A. Rs. 280

B. Rs. 340

C. Rs. 320

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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