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. 25%

B. 30%

C. 20%

D. 15%

Answer: Option C

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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A man sells an article at a profit of 15%. If the cost price is Rs. 300, what is the selling price?

A. Rs. 330

B. Rs. 345

C. Rs. 340

D. Rs. 360

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Correct Answer: Option B

Explanation:
SP = 300 * 1.15 = 345.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.

A. 28.5%

B. 25%

C. 32%

D. 30.68%

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Correct Answer: Option D

Explanation:
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.

This question belongs to: Maths Profit And Loss