A shopkeeper buys a watch for Rs. 1200 and sells it for Rs. 1500. What is his profit percentage? MCQ with Answer and Explanation

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A shopkeeper buys a watch for Rs. 1200 and sells it for Rs. 1500. What is his profit percentage?

A. 25%

B. 15%

C. 30%

D. 20%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = SP - CP = 1500 - 1200 = 300. Profit % = (Profit / CP) * 100 = (300 / 1200) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2300

B. Rs. 2000

C. Rs. 2100

D. Rs. 2200

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Correct Answer: Option D

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction?

A. Rs. 60

B. Rs. 80

C. Rs. 64

D. Rs. 72

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Correct Answer: Option D

Explanation:
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.

This question belongs to: Maths Profit And Loss