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

Question

Share Report Error

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

A. 20%

B. 30%

C. 15%

D. 25%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 25%

B. 30%

C. 15%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price.

A. Rs. 460

B. Rs. 520

C. Rs. 500

D. Rs. 480

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 88% of CP => CP = 440 / 0.88 = 500.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 410

D. Rs. 420

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs