If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage. MCQ with Answer and Explanation

If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 30%

B. 15%

C. 25%

D. 20%

Answer: Option C

Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 115%

B. 130%

C. 230%

D. 30%

Correct Answer: Option B

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.5% loss

B. No profit no loss

C. 2.25% profit

D. 2.25% loss

Correct Answer: Option D

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the cost price of an article is Rs. 600 and the selling price is Rs. 540, what is the loss percentage?

A. 10%

B. 12%

C. 15%

D. 8%

Correct Answer: Option A

Explanation:
Loss = 60, loss% = 60/600*100 = 10%.

This question belongs to: Maths Profit And Loss