If the cost price of an article is Rs. 200 and the selling price is Rs. 240, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 200 and the selling price is Rs. 240, what is the profit percentage?

A. 30%

B. 25%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 40, profit% = 40/200*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dishonest dealer professes to sell his goods at cost price, but uses a 750 gram weight for 1 kg. Find his gain percentage.

A. 20%

B. 33.33%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
Goods given = 750g. Goods charged for = 1000g. Gain = 250g. Gain percentage = (250 / 750) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 18%

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Correct Answer: Option A

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a fan for Rs. 1080, losing 10%. Find the cost price.

A. Rs. 1250

B. Rs. 1200

C. Rs. 1150

D. Rs. 1100

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 1080 / 0.9 = 1200.

This question belongs to: Maths Profit And Loss

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