A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage? MCQ with Answer and Explanation

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A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 430

B. Rs. 414

C. Rs. 420

D. Rs. 400

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Correct Answer: Option B

Explanation:
SP = 360*1.15 = 414.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 390 and the profit is 30%, find the cost price.

A. Rs. 300

B. Rs. 320

C. Rs. 310

D. Rs. 290

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Correct Answer: Option A

Explanation:
CP = 390 / 1.30 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price?

A. Rs. 450

B. Rs. 470

C. Rs. 460

D. Rs. 480

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Correct Answer: Option C

Explanation:
SP = 400*1.15 = 460.

This question belongs to: Maths Profit And Loss

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