A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. What is his profit percentage? MCQ with Answer and Explanation

A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. What is his profit percentage?

A. 15%

B. 25%

C. 20%

D. 10%

Answer: Option C

CP of 1 lemon = 1/2 = 0.5. SP of 1 lemon = 3/5 = 0.6. Profit = 0.6 - 0.5 = 0.1. Profit % = (0.1 / 0.5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article?

A. Rs. 1000

B. Rs. 800

C. Rs. 900

D. Rs. 1200

Correct Answer: Option A

Explanation:
The difference between an 8% gain and a 4% loss is 12% of the cost price. So, 12% of CP = 120. CP = (120 * 100) / 12 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A person purchased an item for Rs. 700 and sold it at a loss of 15%. What is the selling price?

A. Rs. 580

B. Rs. 615

C. Rs. 600

D. Rs. 595

Correct Answer: Option D

Explanation:
Loss = 15% of 700 = 105, SP = 700 - 105 = 595.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A man sells a book for Rs. 220, losing 12%. What is the cost price?

A. Rs. 240

B. Rs. 230

C. Rs. 260

D. Rs. 250

Correct Answer: Option D

Explanation:
SP = 88% of CP => CP = 220 / 0.88 = 250.

This question belongs to: Maths Profit And Loss