If the selling price of 12 articles is equal to the cost price of 15 articles, find the profit percent. MCQ with Answer and Explanation

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If the selling price of 12 articles is equal to the cost price of 15 articles, find the profit percent.

A. 30%

B. 25%

C. 20%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1. CP of 15 = 15, SP of 12 = 15 => SP of 1 = 15/12 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 35% above cost and gives a discount of 15%. What is his profit percent?

A. 14.75%

B. 12%

C. 18%

D. 20%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 135, SP = 135*0.85 = 114.75, profit = 14.75%.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price?

A. Rs. 780

B. Rs. 800

C. Rs. 850

D. Rs. 820

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 720 / 0.9 = 800.

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Question #3

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An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%?

A. Rs. 260

B. Rs. 280

C. Rs. 240

D. Rs. 250

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Correct Answer: Option C

Explanation:
SP1 = 1.2 CP => CP = 360/1.2 = 300. Loss 20% => SP = 300*0.8 = 240.

This question belongs to: Maths Profit And Loss

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