If the cost price of an article is 40% of its selling price, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is 40% of its selling price, what is the profit percentage?

A. 120%

B. 140%

C. 150%

D. 125%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Selling Price = 100. Cost Price = 40. Profit = 100 - 40 = 60. Profit percentage = (60 / 40) * 100 = 150%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?

A. 18%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

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Question #3

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If the selling price of an article is Rs. 130 and the loss is 35%, find the cost price.

A. Rs. 220

B. Rs. 180

C. Rs. 200

D. Rs. 190

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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