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

Question

Share Report Error

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 600

B. Rs. 620

C. Rs. 640

D. Rs. 580

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

Two articles are sold for Rs. 4800 each. On one, the seller gains 20% and on the other, he loses 20%. What is his overall gain or loss percentage?

A. 4% Gain

B. 4% Loss

C. No Gain No Loss

D. 8% Loss

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
When two articles are sold at the same price, and one is sold at a gain of x% and the other at a loss of x%, there is always an overall loss. Loss percentage = (x^2) / 100 = (20^2) / 100 = 400 / 100 = 4% Loss.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 320

D. Rs. 300

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs