If the cost price of an article is Rs. 120 and the selling price is Rs. 150, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 120 and the selling price is Rs. 150, what is the profit percentage?

A. 30%

B. 15%

C. 20%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 30, profit% = 30/120*100=25%.

This question belongs to: Maths Profit And Loss

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Question #1

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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 400

B. Rs. 450

C. Rs. 350

D. Rs. 300

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Correct Answer: Option A

Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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I sold two watches for Rs. 300 each, one at a 10% loss and the other at a 10% profit. What is my total loss percentage?

A. 4%

B. 2%

C. 1%

D. 3%

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Correct Answer: Option C

Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader gives a discount of 20% on the marked price and still gains 10%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 650

C. Rs. 700

D. Rs. 687.5

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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