If the cost price of an article is Rs. 180 and the selling price is Rs. 216, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 180 and the selling price is Rs. 216, what is the profit percentage?

A. 18%

B. 25%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 36, profit% = 36/180*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent?

A. 15%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 125, SP = 125*0.88 = 110, profit = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 850

B. Rs. 900

C. Rs. 950

D. Rs. 800

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table.

A. Rs. 1100

B. Rs. 1350

C. Rs. 1200

D. Rs. 1300

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Correct Answer: Option C

Explanation:
Selling Price = 1440. Profit = 20%. Cost Price = 1440 / 1.20 = 1200.

This question belongs to: Maths Profit And Loss

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