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. 25%

B. 20%

C. 30%

D. 15%

Answer: Option A

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 vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 60%

B. 50%

C. 33.33%

D. 42.85%

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Correct Answer: Option D

Explanation:
CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 850

B. Rs. 1000

C. Rs. 950

D. Rs. 900

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Correct Answer: Option D

Explanation:
SP = 1200 * 0.75 = 900.

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Question #3

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If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 440

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

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