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. 20%

B. 15%

C. 25%

D. 18%

Answer: Option A

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 shopkeeper sells a bag for Rs. 380, losing 5%. Find the cost price.

A. Rs. 385

B. Rs. 400

C. Rs. 390

D. Rs. 410

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 135 and the profit is 35%, find the cost price.

A. Rs. 95

B. Rs. 110

C. Rs. 100

D. Rs. 105

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Correct Answer: Option C

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Question #3

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A dealer marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 2%

B. 8%

C. 10%

D. 5%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 170, SP = 170*0.6 = 102, profit = 2%.

This question belongs to: Maths Profit And Loss

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