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. 20%

B. 15%

C. 30%

D. 25%

Answer: Option A

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

A. Rs. 500

B. Rs. 520

C. Rs. 510

D. Rs. 480

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Correct Answer: Option A

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A trader sells an article for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 480

B. Rs. 520

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 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. 900

B. Rs. 1000

C. Rs. 1100

D. Rs. 1200

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

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