If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage?

A. 30%

B. 20%

C. 25%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Profit = 80, profit% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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The selling price of an article is 8/5 times its cost price. Find the profit percentage.

A. 40%

B. 75%

C. 60%

D. 50%

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Correct Answer: Option C

Explanation:
Selling Price = (8/5) * Cost Price. Selling Price / Cost Price = 1.6. Profit = 0.6 of Cost Price. Profit percentage = 60%.

This question belongs to: Maths Profit And Loss

Question #2

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A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage?

A. 40%

B. 45%

C. 50.5%

D. 56.25%

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Correct Answer: Option D

Explanation:
Buy 20 apples for 16. Sell 20 apples for 25. Profit = 25 - 16 = 9. Profit percentage = (9 / 16) * 100 = 56.25%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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