If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage?

A. 15%

B. 25%

C. 30%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option D

Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?

A. Rs. 2500

B. Rs. 2000

C. Rs. 2200

D. Rs. 2400

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Correct Answer: Option B

Explanation:
Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 23.25%

C. 18%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

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