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

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

A. 25%

B. 30%

C. 15%

D. 20%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a chair for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 520

B. Rs. 500

C. Rs. 540

D. Rs. 480

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Correct Answer: Option B

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 500

B. Rs. 550

C. Rs. 650

D. Rs. 600

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Correct Answer: Option D

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper gives 1 article free on the purchase of every 4 articles. He also allows an additional discount of 20%. Find his total net discount percentage.

A. 44%

B. 36%

C. 40%

D. 45%

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Correct Answer: Option B

Explanation:
Customer gets 5 articles but pays for 4. Discount from free item = (1/5) * 100 = 20%. Two successive discounts of 20% and 20%. Equivalent discount = 20 + 20 - (400/100) = 36%.

This question belongs to: Maths Profit And Loss

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