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. 25%

B. 30%

C. 15%

D. 20%

Answer: Option A

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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If goods are purchased for Rs. 840 and one-fourth of them are sold at a loss of 20%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 35%

B. 33.33%

C. 30%

D. 28.33%

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Correct Answer: Option B

Explanation:
Total Cost Price = 840. Target Selling Price = 840 * 1.20 = 1008. Cost Price of one-fourth = 210. Selling Price of this part = 210 * 0.80 = 168. Remaining Selling Price needed = 1008 - 168 = 840. Cost Price of remainder = 630. Profit required on remainder = 840 - 630 = 210. Profit percentage = (210 / 630) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 648, gaining 8%. Find the cost price.

A. Rs. 620

B. Rs. 600

C. Rs. 640

D. Rs. 580

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Correct Answer: Option B

Explanation:
CP = 648 / 1.08 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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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. 450

B. Rs. 350

C. Rs. 400

D. Rs. 300

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Correct Answer: Option C

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

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