If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 15%

B. 25%

C. 18%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold at 20% profit. If its cost price and selling price are both decreased by Rs. 100, the profit percentage becomes 25%. Find the original cost price.

A. Rs. 450

B. Rs. 500

C. Rs. 600

D. Rs. 400

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Correct Answer: Option B

Explanation:
Let original CP = x. Original SP = 1.2x. New CP = x - 100. New SP = 1.2x - 100. New profit = 25%. So, 1.2x - 100 = 1.25(x - 100). 1.2x - 100 = 1.25x - 125. 0.05x = 25. x = 500.

This question belongs to: Maths Profit And Loss