If the cost price of an article is Rs. 270 and the selling price is Rs. 324, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 270 and the selling price is Rs. 324, what is the profit percentage?

A. 18%

B. 15%

C. 20%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 54, profit% = 54/270*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a pencil for Rs. 10 and sells it for Rs. 12. What is the gain percent?

A. 15%

B. 25%

C. 10%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 2, gain% = 2/10*100 = 20%.

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. 520

B. Rs. 500

C. Rs. 450

D. Rs. 480

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Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 480

B. Rs. 550

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

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