If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage? MCQ with Answer and Explanation

If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?
A. 30%
B. 15%
C. 25%
D. 20%
Answer: Option C
Solution (By JKSSB Mock Tests)
Profit = 50, profit% = 50/200*100 = 25%.

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Practice More Profit And Loss Questions

Question #1
If a shopkeeper sells an item at Rs. 450, he gains 12.5%. Find the cost price.
A. Rs. 410
B. Rs. 420
C. Rs. 400
D. Rs. 380

Correct Answer: Option C


Explanation:
SP = 1.125 CP => CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.
A. Rs. 340
B. Rs. 280
C. Rs. 300
D. Rs. 320

Correct Answer: Option C


Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss
Question #3
The marked prices of a shirt and a pair of trousers are in the ratio 1:2. The shopkeeper gives a 40% discount on the shirt. If the total discount on both is 30%, what is the discount percentage on the trousers?
A. 25%
B. 30%
C. 20%
D. 35%

Correct Answer: Option A


Explanation:
Let Marked Price of shirt = x and trousers = 2x. Total Marked Price = 3x. Total discount = 30% of 3x = 0.9x. Discount on shirt = 40% of x = 0.4x. Discount on trousers = 0.9x - 0.4x = 0.5x. Percentage discount on trousers = (0.5x / 2x) * 100 = 25%.

This question belongs to: Maths Profit And Loss