The selling price of an article is 8/5 times its cost price. Find the profit percentage. MCQ with Answer and Explanation
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Question #1
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If the cost price of 20 articles is equal to the selling price of 16 articles, what is the profit percentage?
Correct Answer: Option D
Explanation:
Let Cost Price of 1 article = 1. Cost Price of 16 articles = 16. Selling Price of 16 articles = Cost Price of 20 articles = 20. Profit = 20 - 16 = 4. Profit percentage = (4 / 16) * 100 = 25%.
Let Cost Price of 1 article = 1. Cost Price of 16 articles = 16. Selling Price of 16 articles = Cost Price of 20 articles = 20. Profit = 20 - 16 = 4. Profit percentage = (4 / 16) * 100 = 25%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?
Correct Answer: Option B
Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.
Loss = 800, loss% = 800/8000*100 = 10%.
This question belongs to:
Maths
Profit And Loss
Question #3
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A trader marks his goods 65% above cost and gives a discount of 30%. What is his profit percent?
Correct Answer: Option B
Explanation:
Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.
Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.
This question belongs to:
Maths
Profit And Loss
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