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. 66.67%

B. 33.33%

C. 25%

D. 50%

Answer: Option B

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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An article is sold at a profit of 20%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 280

B. Rs. 270

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
Selling price = Cost price + Profit = 250 + 20% of 250 = 250 + 50 = Rs. 300.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an article at a profit of 25%. If the cost price is Rs. 240, what is the selling price?

A. Rs. 280

B. Rs. 260

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
SP = 240*1.25 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.

A. 28.5%

B. 32%

C. 25%

D. 30.68%

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Correct Answer: Option D

Explanation:
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.

This question belongs to: Maths Profit And Loss

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