If the cost price of an article is Rs. 600 and the selling price is Rs. 720, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 600 and the selling price is Rs. 720, what is the profit percentage?

A. 25%

B. 20%

C. 15%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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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. 100

B. Rs. 110

C. Rs. 95

D. Rs. 105

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 110 and the loss is 15%, find the cost price.

A. Rs. 125

B. Rs. 129.41

C. Rs. 120

D. Rs. 130

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at a profit of 20%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 270

B. Rs. 320

C. Rs. 300

D. Rs. 280

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Correct Answer: Option C

Explanation:
Selling price = Cost price + Profit = 250 + 20% of 250 = 250 + 50 = Rs. 300.

This question belongs to: Maths Profit And Loss

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