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. 16.67%

B. 20%

C. 15%

D. 25%

Answer: Option B

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 trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 0%

C. 5%

D. 2%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a watch for Rs. 1750, losing 30%. Find the cost price.

A. Rs. 2500

B. Rs. 2300

C. Rs. 2600

D. Rs. 2400

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Correct Answer: Option A

Explanation:
SP = 70% of CP => CP = 1750 / 0.7 = 2500.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 165

C. Rs. 155

D. Rs. 170

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Correct Answer: Option A

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

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