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

If the cost price of an article is Rs. 310 and the selling price is Rs. 372, what is the profit percentage?
A. 18%
B. 20%
C. 15%
D. 25%
Answer: Option B
Solution (By JKSSB Mock Tests)
Profit = 62, profit% = 62/310*100 = 20%.

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Practice More Profit And Loss Questions

Question #1
A dishonest milkman professes to sell his milk at cost price but he mixes it with water and thereby gains 25%. What is the percentage of water in the mixture?
A. 16.67%
B. 33.33%
C. 25%
D. 20%

Correct Answer: Option D


Explanation:
Let the CP of 1 liter of pure milk be Rs. 1. SP of 1 liter of mixture is Rs. 1. Gain is 25%. Thus, CP of 1 liter of mixture = 100/125 * 1 = Rs. 0.8. Using alligation, ratio of milk to water is (1 - 0.8) : (0.8 - 0) = 0.8 : 0.2 = 4:1. Percentage of water in the mixture = (1 / (4 + 1)) * 100 = 20%.

This question belongs to: Maths Profit And Loss
Question #2
A person buys a toy for Rs. 150 and sells it for Rs. 180. What is the profit percentage?
A. 20%
B. 18%
C. 15%
D. 25%

Correct Answer: Option A


Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss
Question #3
If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price.
A. Rs. 320
B. Rs. 310
C. Rs. 300
D. Rs. 290

Correct Answer: Option C


Explanation:
CP = 330 / 1.10 = 300.

This question belongs to: Maths Profit And Loss