The selling price of an article is 4/3 of its cost price. What is the profit percentage? MCQ with Answer and Explanation

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The selling price of an article is 4/3 of its cost price. What is the profit percentage?

A. 25%

B. 66.67%

C. 33.33%

D. 50%

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = (4/3) * CP. Ratio of SP to CP is 4:3. Profit = SP - CP = 4 - 3 = 1 part. Profit percentage = (1 / 3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 410

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price?

A. 10% Profit

B. 15% Profit

C. 11.5% Profit

D. 13.33% Profit

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Correct Answer: Option D

Explanation:
Let Marked Price (MP) = 100. SP = 75. Loss = 15%, so SP = 0.85 * CP. 0.85 * CP = 75. CP = 75 / 0.85 = 1500 / 17. If sold at MP (100), Profit = 100 - (1500/17) = 200/17. Profit % = ((200/17) / (1500/17)) * 100 = (200/1500) * 100 = 13.33%.

This question belongs to: Maths Profit And Loss

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