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. 15%

B. 30%

C. 20%

D. 25%

Answer: Option D

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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An article is sold at a 15% profit. If its cost price decreases by 10% and selling price decreases by Rs. 21, the profit becomes 20%. Find the initial cost price.

A. Rs. 320

B. Rs. 280

C. Rs. 250

D. Rs. 300

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Correct Answer: Option D

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.20 = 108x. Difference = 115x - 108x = 7x. 7x = 21. x = 3. Initial Cost Price = 100 * 3 = 300.

This question belongs to: Maths Profit And Loss