By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage. MCQ with Answer and Explanation

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By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage.

A. 15%

B. 20%

C. 25%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 meter = 1. CP of 20 meters = 20. Profit = CP of 4 meters = 4. Profit % = (4/20) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the profit is one-fourth of the selling price, find the true profit percentage on the cost price.

A. 40%

B. 33.33%

C. 25%

D. 20%

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Correct Answer: Option B

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. Profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 145

B. Rs. 140

C. Rs. 150

D. Rs. 160

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Correct Answer: Option C

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of 15 pens is equal to the selling price of 12 pens. What is the profit percentage?

A. 25%

B. 30%

C. 20%

D. 33.33%

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Correct Answer: Option A

Explanation:
Let CP of 1 pen = 1. CP of 12 pens = 12. SP of 12 pens = CP of 15 pens = 15. Profit = 15 - 12 = 3. Profit percentage = (3 / 12) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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