An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer? MCQ with Answer and Explanation
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Question #1
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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.
Correct Answer: Option D
Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.
This question belongs to:
Maths
Profit And Loss
Question #2
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If the selling price of an article is increased by 20%, the profit becomes three times the original profit. What was the original profit percentage?
Correct Answer: Option A
Explanation:
Let Cost Price = 100 and initial Selling Price = x. Initial profit = x - 100. New Selling Price = 1.20x. New profit = 1.20x - 100. 1.20x - 100 = 3 * (x - 100). 1.20x - 100 = 3x - 300. 1.8x = 200. x = 111.11. Original profit = 11.11. Profit percentage = 11.11%.
Let Cost Price = 100 and initial Selling Price = x. Initial profit = x - 100. New Selling Price = 1.20x. New profit = 1.20x - 100. 1.20x - 100 = 3 * (x - 100). 1.20x - 100 = 3x - 300. 1.8x = 200. x = 111.11. Original profit = 11.11. Profit percentage = 11.11%.
This question belongs to:
Maths
Profit And Loss
Question #3
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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?
Correct Answer: Option D
Explanation:
Loss = 50, loss% = 50/500*100 = 10%.
Loss = 50, loss% = 50/500*100 = 10%.
This question belongs to:
Maths
Profit And Loss
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