An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage? MCQ with Answer and Explanation

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 30%

B. 115%

C. 230%

D. 130%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader buys an article for Rs. 1200 and marks it 25% above cost. He gives a discount of 10%. Find his profit percent.

A. 15%

B. 12.5%

C. 10%

D. 14%

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Correct Answer: Option B

Explanation:
MP = 1200*1.25 = 1500. SP = 1500*0.9 = 1350. Profit = 150, profit% = (150/1200)*100 = 12.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.

A. 56.25%

B. 45%

C. 60%

D. 50%

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Correct Answer: Option A

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Question #3

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A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?

A. 15%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Loss = 160, loss% = 160/800*100 = 20%.

This question belongs to: Maths Profit And Loss

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