If the cost price of an article is Rs. 320 and the selling price is Rs. 400, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 320 and the selling price is Rs. 400, what is the profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

Answer: Option D

Solution (By JKSSB Mock Tests)

Profit = 80, profit% = 80/320*100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 550

B. Rs. 580

C. Rs. 564.71

D. Rs. 540

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Correct Answer: Option C

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 520

B. Rs. 480

C. Rs. 510

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer sells a bag for Rs. 420, losing 16%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 520

D. Rs. 490

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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

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