If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage. MCQ with Answer and Explanation

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 30%

B. 20%

C. 15%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 517.65

B. Rs. 530

C. Rs. 500

D. Rs. 510

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Correct Answer: Option A

Explanation:
SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

Question #2

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By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price?

A. Rs. 2800

B. Rs. 2750

C. Rs. 2700

D. Rs. 2600

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Correct Answer: Option C

Explanation:
Cost Price = (2850 / 114) * 100 = Rs. 2500. New Selling Price at 8% profit = 2500 * 1.08 = Rs. 2700.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 560

B. Rs. 550

C. Rs. 552

D. Rs. 540

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Correct Answer: Option C

Explanation:
SP = 480 * 1.15 = 552.

This question belongs to: Maths Profit And Loss

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