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. 20%

B. 25%

C. 30%

D. 15%

Answer: Option A

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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Two lots of onions with equal quantity, one costing Rs. 10 per kg and the other costing Rs. 15 per kg, are mixed together and whole lot is sold at Rs. 15 per kg. What is the profit or loss percentage?

A. No profit no loss

B. 25% profit

C. 20% loss

D. 20% profit

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Correct Answer: Option D

Explanation:
Let quantity of each be 1 kg. Total Cost Price = 10 + 15 = 25 for 2 kg. Cost Price per kg = 12.5. Selling Price per kg = 15. Profit = 2.5. Profit percentage = (2.5 / 12.5) * 100 = 20%.

This question belongs to: Maths Profit And Loss