mcqs Math Profit And Loss The cost price of an article is $15 and the sale price is $20, then find the profit and profit percent. 143

Question: The cost price of an article is $15 and the sale price is $20, then find the profit and profit percent.

(A)  $10 and 15 ¹/₃% or 15.333%
(B)  $5 and 25 ¹/₃% or 25.333%
(C)  $5 and 33 ¹/₃% or 33.333%
(D)  $5 and 20 ¹/₃% or 20.333%

Correct Answer $5 and 33 ¹/₃% or 33.333%

Solution And Explanation

Solution

Given, Cost price (CP) = $15

Sale price (SP) = $20

Therefore, profit and profit % = ?

Profit = Sale Price – Cost Price

∴ Profit = $20 – $15

⇒ Profit = $5

Profit% = ^{Profit × 100}/_{Cost price}

Here, profit = $5

And, Cost Price = $15

∴ Profit% = ^{5 × 100}/_{15 3}

= ¹⁰⁰/₃ %

⇒ Profit = 33 ¹/₃% or 33.333%

Therefore, Profit = $5 and Profit% = 33 ¹/₃% or 33.333% Answer

Here, profit = $5

And, Cost Price = $15

∵ In $15, profit = $5

∴ In $1, profit = ⁵/₁₅

∴ In $100, profit = ⁵/₁₅ × 100

^{5 × 100}/_{15 3}

= ¹⁰⁰/₃ %

⇒ Profit = 33 ¹/₃% or 33.333%

Therefore, Profit = $5 and Profit% = 33 ¹/₃% or 33.333% Answer