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. 20%

B. 25%

C. 18%

D. 15%

Answer: Option A

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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A man sells an article at a profit of 15%. If the cost price is Rs. 300, what is the selling price?

A. Rs. 330

B. Rs. 360

C. Rs. 340

D. Rs. 345

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Correct Answer: Option D

Explanation:
SP = 300 * 1.15 = 345.

This question belongs to: Maths Profit And Loss

Question #2

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If a person sells an item for Rs. 420, he loses 16%. What is the cost price?

A. Rs. 500

B. Rs. 480

C. Rs. 520

D. Rs. 450

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Correct Answer: Option A

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 210

B. Rs. 200

C. Rs. 208

D. Rs. 190

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Correct Answer: Option B

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

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