An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article. MCQ with Answer and Explanation

An article was sold at a 10% profit. Had it been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the article.

A. Rs. 1500

B. Rs. 1100

C. Rs. 1000

D. Rs. 1200

Answer: Option D

The difference in profit percentage is 15% - 10% = 5%. 5% of the Cost Price equals Rs. 60. Cost Price = (60 / 5) * 100 = Rs. 1200.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage?

A. 15%

B. 25%

C. 20%

D. 30%

Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of an article is Rs. 270 and the selling price is Rs. 324, what is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

Correct Answer: Option D

Explanation:
Profit = 54, profit% = 54/270*100=20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 40%

B. 33.33%

C. 25%

D. 50%

Correct Answer: Option B

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss