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

Question
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. 15%
D. 25%
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
A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?
A. Rs. 1200
B. Rs. 1100
C. Rs. 1000
D. Rs. 900
Discuss
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Correct Answer: Option C

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.
This question belongs to: Maths Profit And Loss
Question #2
A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is:
A. 20%
B. 33.33%
C. 30%
D. 25%
Discuss
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Correct Answer: Option D

Explanation:
Gain = Selling Price of 50. Gain = Selling Price of 250 - Cost Price of 250. Selling Price of 50 = Selling Price of 250 - Cost Price of 250. Cost Price of 250 = Selling Price of 200. Cost Price / Selling Price = 200 / 250 = 4 / 5. Profit = 1 unit on CP 4. Profit percentage = (1 / 4) * 100 = 25%.
This question belongs to: Maths Profit And Loss
Question #3
A dishonest grocer claims to sell his goods at a 10% profit but uses a weight of 800 grams instead of 1 kg. What is his actual profit percentage?
A. 37.5%
B. 40%
C. 35%
D. 30%
Discuss
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Correct Answer: Option A

Explanation:
Cost Price of 800g = Rs. 800. Selling Price for 1000g claimed at 10% profit = Rs. 1100. Profit = 1100 - 800 = 300. Actual profit percentage = (300 / 800) * 100 = 37.5%.
This question belongs to: Maths Profit And Loss
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