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

Question

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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. 25%

C. 20%

D. 30%

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 sells a product for Rs. 680, gaining 36%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 520

D. Rs. 540

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Correct Answer: Option A

Explanation:
CP = 680 / 1.36 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 820

B. Rs. 780

C. Rs. 800

D. Rs. 810

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Correct Answer: Option D

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 10 articles is equal to the selling price of 9 articles, find the gain percent.

A. 10%

B. 12%

C. 15%

D. 11.11%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

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