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. 15%

B. 20%

C. 25%

D. 18%

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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A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Loss = 160, loss% = 160/800*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If an item is sold for Rs. 450 at a 10% loss, what was its cost price?

A. Rs. 520

B. Rs. 500

C. Rs. 480

D. Rs. 490

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Correct Answer: Option B

Explanation:
Selling Price is 90% of Cost Price. 0.90 * CP = 450. CP = 450 / 0.90 = Rs. 500.

This question belongs to: Maths Profit And Loss

Question #3

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An item is sold for Rs. 720 at a loss of 10%. What was the cost price of the item?

A. Rs. 750

B. Rs. 800

C. Rs. 850

D. Rs. 810

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Correct Answer: Option B

Explanation:
Selling Price is 90% of the Cost Price due to a 10% loss. So, 0.90 * CP = 720. CP = 720 / 0.90 = Rs. 800.

This question belongs to: Maths Profit And Loss

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