If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage?

A. 20%

B. 18%

C. 15%

D. 25%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 78, profit% = 78/390*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If goods are purchased for Rs. 840 and one-fourth of them are sold at a loss of 20%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 28.33%

B. 33.33%

C. 35%

D. 30%

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Correct Answer: Option B

Explanation:
Total Cost Price = 840. Target Selling Price = 840 * 1.20 = 1008. Cost Price of one-fourth = 210. Selling Price of this part = 210 * 0.80 = 168. Remaining Selling Price needed = 1008 - 168 = 840. Cost Price of remainder = 630. Profit required on remainder = 840 - 630 = 210. Profit percentage = (210 / 630) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss