The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage. MCQ with Answer and Explanation

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The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 20%

B. 25%

C. 15%

D. 16.67%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 800

D. Rs. 850

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Correct Answer: Option C

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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An item is sold at a loss of 12%. If the selling price is Rs. 528, what is the cost price?

A. Rs. 550

B. Rs. 580

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

Explanation:
SP = 88% of CP => CP = 528 / 0.88 = 600.

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Question #3

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Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.25% loss

B. 2.5% loss

C. 2.25% profit

D. No profit no loss

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Correct Answer: Option A

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

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