Multiple Choice Questions on A person purchased 35 kg of rice for 840 and sold it at 27 60 per kg What is his percentage profit ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person purchased 35 kg of rice for 840 and sold it at 27 60 per kg What is his percentage profit ........

Quant (SSC) Profit and loss
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    A person purchased 35 kg of rice for ? 840 and sold it at ? 27.60 per kg. What is his percentage profit?

    10%

    Incorrect Answer

    12%

    Incorrect Answer

    15%

    Correct Answer

    20%

    Incorrect Answer
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    Explanation:

    CP = ? 840,   SP = 35 × 27.60 = ? 966
    ∴ Profit = 966 – 840 = ? 126
    Now,  % profit = (Profit /CP  x 100)%
    = 126 /840 x 100 = 15%

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