If the cost price of an article is Rs. 480 and the selling price is Rs. 600, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 480 and the selling price is Rs. 600, what is the profit percentage?

A. 30%

B. 25%

C. 15%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Profit = 120, profit% = 120/480*100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person bought an article for Rs. 150 and sold it for Rs. 180. What is the profit percentage?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 30, profit% = 30/150*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 340

B. Rs. 370

C. Rs. 360

D. Rs. 350

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Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

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Question #3

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 18%

B. 15%

C. 20%

D. 19%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

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