If the cost price of an article is Rs. 310 and the selling price is Rs. 372, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 310 and the selling price is Rs. 372, what is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 62, profit% = 62/310*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a TV for Rs. 13500, losing 10%. Find the cost price.

A. Rs. 15500

B. Rs. 15000

C. Rs. 14000

D. Rs. 14500

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 13500 / 0.9 = 15000.

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Question #3

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If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 10%

B. 12%

C. 8%

D. 15%

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Correct Answer: Option A

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

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