The selling price of an article is 4/3 of its cost price. What is the profit percentage? MCQ with Answer and Explanation
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Question #1
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A shopkeeper sells a radio for Rs. 660, losing 10%. Find the cost price.
Correct Answer: Option D
Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.
SP = 90% of CP => CP = 660 / 0.9 = 733.33.
This question belongs to:
Maths
Profit And Loss
Question #2
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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?
Correct Answer: Option C
Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.
This question belongs to:
Maths
Profit And Loss
Question #3
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A man purchased 40 apples for Rs. 320. He sells 15 at a 20% profit and 15 at a 10% loss. At what profit percentage should he sell the remaining 10 apples to achieve an overall profit of 15%?
Correct Answer: Option A
Explanation:
Total Cost Price = 320. Desired profit = 15% of 320 = 48. Cost Price of 15 apples = 120. Profit on 15 apples = 24. Loss on 15 apples = 12. Net profit so far = 12. Profit needed on remaining 10 apples = 48 - 12 = 36. Cost Price of remaining 10 apples = 80. Profit percentage = (36 / 80) * 100 = 45%.
Total Cost Price = 320. Desired profit = 15% of 320 = 48. Cost Price of 15 apples = 120. Profit on 15 apples = 24. Loss on 15 apples = 12. Net profit so far = 12. Profit needed on remaining 10 apples = 48 - 12 = 36. Cost Price of remaining 10 apples = 80. Profit percentage = (36 / 80) * 100 = 45%.
This question belongs to:
Maths
Profit And Loss
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