If an article is sold at a 200% profit, the ratio of its cost price to its selling price will be: MCQ with Answer and Explanation

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If an article is sold at a 200% profit, the ratio of its cost price to its selling price will be:

A. 3:1

B. 1:2

C. 1:3

D. 2:3

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Cost Price = 100. Profit = 200. Selling Price = 300. Ratio of Cost Price to Selling Price = 100 : 300 = 1 : 3.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 1050

B. Rs. 1000

C. Rs. 900

D. Rs. 950

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

A man buys a shirt for Rs. 400 and sells it 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

A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

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