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. 125%

C. 150%

D. 140%

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 selling price of an article is Rs. 1080 and the loss is 20%, find the cost price.

A. Rs. 1400

B. Rs. 1300

C. Rs. 1350

D. Rs. 1250

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 1080 / 0.8 = 1350.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 330 and the profit is 10%, what is the cost price?

A. Rs. 310

B. Rs. 300

C. Rs. 320

D. Rs. 290

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Correct Answer: Option B

Explanation:
CP = 330 / 1.1 = 300.

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Question #3

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 700

B. Rs. 660

C. Rs. 640

D. Rs. 680

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Correct Answer: Option B

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

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