The selling price of an article is 8/5 times its cost price. Find the profit percentage. MCQ with Answer and Explanation

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The selling price of an article is 8/5 times its cost price. Find the profit percentage.

A. 60%

B. 75%

C. 50%

D. 40%

Answer: Option A

Solution (By JKSSB Mock Tests)

Selling Price = (8/5) * Cost Price. Selling Price / Cost Price = 1.6. Profit = 0.6 of Cost Price. Profit percentage = 60%.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. Rs. 580

B. Rs. 640

C. Rs. 620

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A merchant marks his goods 25% above CP and gives a 10% discount. Find his profit percentage.

A. 10%

B. 17.5%

C. 12.5%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100. Marked Price = 125. Discount = 10% of 125 = 12.5. SP = 125 - 12.5 = 112.5. Profit % = 12.5%.

This question belongs to: Maths Profit And Loss

Question #3

A person sells a book for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 180

B. Rs. 240

C. Rs. 200

D. Rs. 220

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Correct Answer: Option C

Explanation:
CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

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