If the cost price of an article is Rs. 420 and the selling price is Rs. 504, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 420 and the selling price is Rs. 504, what is the profit percentage?

A. 20%

B. 25%

C. 18%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Profit = 84, profit% = 84/420*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage?

A. 15%

B. 22.5%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Marked Price = 500. Selling Price = 400. Discount = 100. Discount percentage = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a book for Rs. 270, gaining 12.5%. Find the cost price.

A. Rs. 230

B. Rs. 260

C. Rs. 250

D. Rs. 240

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Correct Answer: Option D

Explanation:
CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys 5 kg of apples at Rs. 60 per kg and sells at Rs. 72 per kg. What is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
CP = 5*60 = 300, SP = 5*72 = 360, profit = 60, profit% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

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