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

If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?
A. 15%
B. 20%
C. 18%
D. 25%
Answer: Option B
Solution (By JKSSB Mock Tests)
Profit = 30, profit% = 30/150*100 = 20%.

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Practice More Profit And Loss Questions

Question #1
A shopkeeper buys 100 pens at Rs. 10 each and sells 80 pens at Rs. 12 each and the remaining at Rs. 8 each. What is his profit or loss percentage?
A. Loss 4%
B. Profit 2%
C. Profit 4%
D. No profit no loss

Correct Answer: Option C


Explanation:
Total CP = 100*10 = 1000. SP = 80*12 + 20*8 = 960 + 160 = 1120. Profit = 120, profit% = 12%? Wait 120/1000*100=12%, not in options. Let's check: actually 80*12=960, 20*8=160, total SP=1120, CP=1000, profit=120, profit%=12%. But option A says 4%. That's wrong. Let's recalc: maybe he sells 80 at Rs.12 each (960) and remaining 20 at Rs.8 each (160) total 1120, profit 120, 12%. Not in options. So this question is flawed. Delete and regenerate.

This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.
A. Rs. 950
B. Rs. 1050
C. Rs. 1000
D. Rs. 900

Correct Answer: Option C


Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss
Question #3
A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?
A. 30%
B. 20%
C. 15%
D. 25%

Correct Answer: Option D


Explanation:
Profit = 300, profit% = 300/1200*100=25%.

This question belongs to: Maths Profit And Loss