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. 20%

C. 30%

D. 15%

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 mobile for Rs. 5000, losing 10%. At what price should he sell it to gain 10%?

A. Rs. 5800

B. Rs. 6000

C. Rs. 5500

D. Rs. 6111.11

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an item is Rs. 560 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 650

B. Rs. 660

C. Rs. 640

D. Rs. 644

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Correct Answer: Option D

Explanation:
SP = 560*1.15 = 644.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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