A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10 less, he would have gained 30%. Find the cost price of the article. MCQ with Answer and Explanation
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Question #1
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A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?
Correct Answer: Option D
Explanation:
He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.
He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?
Correct Answer: Option C
Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.
This question belongs to:
Maths
Profit And Loss
Question #3
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The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.
Correct Answer: Option D
Explanation:
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%.
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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