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. 30%

B. 20%

C. 15%

D. 25%

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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A man bought 2 articles for Rs. 1200 each. He sold one at a 20% loss and the other at a 20% profit. What is his overall profit or loss percentage?

A. No Profit No Loss

B. 4% Loss

C. 4% Profit

D. 8% Loss

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Correct Answer: Option A

Explanation:
When CP is the same for two articles, and one is sold at x% profit and the other at x% loss, the overall result is No Profit No Loss.

This question belongs to: Maths Profit And Loss

Question #2

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1580

B. Rs. 1680

C. Rs. 1620

D. Rs. 1720

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Correct Answer: Option B

Explanation:
SP = 1500 * 1.12 = 1680.

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Question #3

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A man sells an article at a profit of 15%. If the cost price is Rs. 300, what is the selling price?

A. Rs. 360

B. Rs. 330

C. Rs. 340

D. Rs. 345

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Correct Answer: Option D

Explanation:
SP = 300 * 1.15 = 345.

This question belongs to: Maths Profit And Loss

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