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Profit & Loss MCQs

3question(s) · click a question to reveal the answer and explanation.

  1. A shopkeeper buys an item for Rs. 400 and sells it for Rs. 460. What is his profit percentage?
    a) 10%
    b) 12%
    c) 15%
    d) 20%
    View Answer & Explanation

    Correct answer: C — 15%

    Explanation: Profit = 460 - 400 = 60. Profit % = (Profit/CP) x 100 = (60/400) x 100 = 15%.

  2. A shopkeeper buys an item for Rs. 400 and sells it for Rs. 460. What is his profit percentage?
    a) 10%
    b) 12%
    c) 15%
    d) 20%
    View Answer & Explanation

    Correct answer: C — 15%

    Explanation: Profit = 460 - 400 = 60. Profit % = (Profit/CP) x 100 = (60/400) x 100 = 15%.

  3. A shopkeeper buys an item for Rs. 400 and sells it for Rs. 460. What is his profit percentage?
    a) 10%
    b) 12%
    c) 15%
    d) 20%
    View Answer & Explanation

    Correct answer: C — 15%

    Explanation: Profit = 460 - 400 = 60. Profit % = (Profit/CP) x 100 = (60/400) x 100 = 15%.