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. 25%

B. 15%

C. 20%

D. 30%

Answer: Option A

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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Person A sells an article to B at a 15% profit. B sells it to C at a 20% profit. If C pays Rs. 3450, find the cost price for A.

A. Rs. 2400

B. Rs. 2500

C. Rs. 2600

D. Rs. 2200

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Correct Answer: Option B

Explanation:
Let A's Cost Price = X. X * 1.15 * 1.20 = 3450. 1.38X = 3450. X = 2500.

This question belongs to: Maths Profit And Loss

Question #2

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If a shopkeeper sells an item at Rs. 450, he gains 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 400

D. Rs. 410

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Correct Answer: Option C

Explanation:
SP = 1.125 CP => CP = 450 / 1.125 = 400.

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Question #3

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If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent.

A. 15%

B. 10%

C. 20%

D. 16.67%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 12 = 10 => SP of 1 = 10/12 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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