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. 15%

B. 25%

C. 18%

D. 20%

Answer: Option D

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 man sold two articles for Rs. 1000 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percent?

A. Loss 2%

B. Loss 4%

C. No profit no loss

D. Gain 4%

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Correct Answer: Option B

Explanation:
CP of first = 1000/1.2 = 833.33; CP of second = 1000/0.8 = 1250; total CP = 2083.33; total SP = 2000; loss = 83.33; loss% = (83.33/2083.33)*100 = 4%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a commodity at Rs. 360 and sells it at Rs. 432. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 18%

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Correct Answer: Option A

Explanation:
Profit = 72, profit% = 72/360*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the gain percent.

A. 20%

B. 30%

C. 25%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

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