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. 115%

B. 30%

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

A. 10%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

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

Question #2

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A person buys a pair of shoes for Rs. 400 and sells them for Rs. 480. What is the gain percent?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 80, gain% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper gives a discount of 20% on an article marked at Rs. 400. What is the selling price?

A. Rs. 300

B. Rs. 360

C. Rs. 320

D. Rs. 340

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Correct Answer: Option C

Explanation:
SP = 400*0.8 = 320.

This question belongs to: Maths Profit And Loss

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