A trader buys a product for Rs. 750 and sells it for Rs. 900. What is the profit percentage? MCQ with Answer and Explanation

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A trader buys a product for Rs. 750 and sells it for Rs. 900. What is the profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 150, profit% = 150/750*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 42

B. Rs. 38

C. Rs. 40

D. Rs. 44

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Correct Answer: Option C

Explanation:
CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 120, gain% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A vendor bought bananas at 6 for Rs. 10 and sold them at 4 for Rs. 8. Find his profit percentage.

A. 15%

B. 10%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Cost price of 1 banana = 10 / 6 = 5/3. Selling price of 1 banana = 8 / 4 = 2. Profit = 2 - 5/3 = 1/3. Profit percentage = ((1/3) / (5/3)) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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