A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage. MCQ with Answer and Explanation

A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 50%

B. 42.85%

C. 33.33%

D. 60%

Answer: Option B

CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A merchant earns a 25% profit on the selling price of an article. What is his true profit percentage on the cost price?

A. 30%

B. 20%

C. 40%

D. 33.33%

Correct Answer: Option D

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. True profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 18%

Correct Answer: Option B

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 10%

B. 15%

C. 25%

D. 20%

Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss