d Question 3 | Job Exam Rare Mathematics (JEMrare) - Solved MCQs

Question 3

Question 3

Question 3: If a person bought a 500 Rs bicycle and sold it for 800 Rs, what is the profit percentage?

          a. 20                      b. 30                       c. 40                            d. none

FPSC Custom Inspector 2016

acca past papers f5,acca past papers f9,acca past papers f8,acca past papers p7,acca past papers f7



Cost Price of bicycle = CP = 500 Rs

Sale Price of bicycle = SP = 700 Rs

Profit percentage ?

To solve this we use profit formula;

Profit =SP - CP

Putting values;

Profit =800-500=300Rs

So. his profit is 300. Now let profit is ‘x’ percent of cost price ;

i-e    Profit = \frac{x}{100} Of CP

\Rightarrow 300 = \frac{x}{100} \times 500

\Rightarrow x = \frac{300\times 100}{500}

\Rightarrow x = 60%

So, he earned 60% profit



You may submit a MCQ or maths problem with solution tips here in the comment box below! If you could not solve anyone, you may submit a MCQ or maths problem without solution as well. We will try our level best to solve it for you!

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>