A shopkeeper buys a watch for Rs. 1200 and sells it for Rs. 1500. What is his profit percentage? MCQ with Answer and Explanation

A shopkeeper buys a watch for Rs. 1200 and sells it for Rs. 1500. What is his profit percentage?

A. 30%

B. 15%

C. 20%

D. 25%

Answer: Option D

Profit = SP - CP = 1500 - 1200 = 300. Profit % = (Profit / CP) * 100 = (300 / 1200) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A man buys an article for Rs. 120 and sells it for Rs. 150. What is his gain percentage?

A. 20%

B. 30%

C. 25%

D. 15%

Correct Answer: Option C

Explanation:
Gain = 30, gain% = (30/120)*100=25%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

By selling a watch for Rs. 900, a shopkeeper loses 10%. What is the cost price?

A. Rs. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 980

Correct Answer: Option B

Explanation:
Selling Price = 900. Loss = 10%. Cost Price = 900 / 0.90 = 1000.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage?

A. 20%

B. 25%

C. 22.5%

D. 15%

Correct Answer: Option A

Explanation:
Marked Price = 500. Selling Price = 400. Discount = 100. Discount percentage = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss