The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage. MCQ with Answer and Explanation

The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 16.67%

B. 20%

C. 15%

D. 25%

Answer: Option B

Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

No comments yet. Be the first to start the discussion!

Question #1 Report Error

If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 125

B. Rs. 128

C. Rs. 135

D. Rs. 130

Correct Answer: Option B

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A shopkeeper sells a product for Rs. 720, gaining 20%. Find the cost price.

A. Rs. 640

B. Rs. 600

C. Rs. 620

D. Rs. 580

Correct Answer: Option B

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A man buys a product for Rs. 240 and sells it for Rs. 300. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

Correct Answer: Option B

Explanation:
Profit = 60, profit% = 60/240*100=25%.

This question belongs to: Maths Profit And Loss