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If a person buys an item for Rs. 500 and sells it for Rs. 600, what is the profit?
  1. 50
  2. 100
  3. 150
  4. 200
Explanation

  1. Cost Price (CP) = 500

  2. Selling Price (SP) = 600

  3. Profit = SP – CP

  1. Profit Percent = (Profit ÷ CP) × 100

Answer:

  • Profit = Rs. 100

  • Profit Percent = 20%

Related MCQs

If the production cost is Rs. 50,000 and the sales tax rate is 0%, what will be the sales tax amount?
  1. Rs. 500
  2. Rs. 5,000
  3. Rs. 0
  4. None of these
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If an article is sold at a profit of RS 120, which represents 20% of the selling price, then what is the cost price of the article?
  1. 500
  2. 600
  3. 480
  4. 976
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A shopkeeper sells a shirt for Rs. 120 at a profit of 20%. What is the actual cost price of the shirt?
  1. Rs. 90
  2. Rs. 100
  3. Rs. 110
  4. Rs. 115
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A and B started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
  1. 75000
  2. 9000
  3. 95000
  4. 55000
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A person suffers a 5% loss on an amount of Rs. 1,200. What is the remaining amount?
  1. Rs. 1,140
  2. Rs. 1,080
  3. Rs. 1,100
  4. None of these
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