If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 18%

B. 20%

C. 25%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 210

D. Rs. 220

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Correct Answer: Option B

Explanation:
CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price?

A. Rs. 380

B. Rs. 420

C. Rs. 400

D. Rs. 360

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Correct Answer: Option C

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 10%

B. 12%

C. 8%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

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