The cost price of 20 articles is equal to the selling price of 16 articles. Find the profit percentage. MCQ with Answer and Explanation
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Question #1
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A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.
Correct Answer: Option D
Explanation:
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.
Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.
Correct Answer: Option B
Explanation:
CP = 450 / 1.125 = 400.
CP = 450 / 1.125 = 400.
This question belongs to:
Maths
Profit And Loss
Question #3
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A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price.
Correct Answer: Option B
Explanation:
SP = 88% of CP => CP = 440 / 0.88 = 500.
SP = 88% of CP => CP = 440 / 0.88 = 500.
This question belongs to:
Maths
Profit And Loss
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