A table was bought for Rs. 1500 and sold for Rs. 1800. What is the profit percentage? MCQ with Answer and Explanation

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A table was bought for Rs. 1500 and sold for Rs. 1800. What is the profit percentage?

A. 15%

B. 25%

C. 30%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 1800 - 1500 = 300. Profit % = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold at Rs. X. If it is sold at 54.54% of X, there is a loss of 20%. What is the profit percentage when it is sold at Rs. X?

A. 45%

B. 46.66%

C. 42.5%

D. 50%

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Correct Answer: Option B

Explanation:
54.54% = 6/11. Selling at (6/11) * X results in 20% loss, meaning Selling Price = 0.80 * Cost Price. (6/11) * X = 0.80 * Cost Price. X = (0.80 * 11 / 6) * Cost Price = (8.8 / 6) * Cost Price = (88 / 60) * Cost Price = (22 / 15) * Cost Price. Profit = (22 / 15) - 1 = 7 / 15. Profit percentage = (7 / 15) * 100 = 46.66%.

This question belongs to: Maths Profit And Loss