If the selling price of an article is doubled, the profit becomes three times. Find the original profit percent. MCQ with Answer and Explanation

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If the selling price of an article is doubled, the profit becomes three times. Find the original profit percent.

A. 50%

B. 75%

C. 66.67%

D. 100%

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 580

B. Rs. 640

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 15%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 140, SP = 140*0.8 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 50%

B. 25%

C. 40%

D. 33.33%

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Correct Answer: Option D

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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