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. 25%

B. 30%

C. 15%

D. 20%

Answer: Option D

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 a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price?

A. Rs. 1220

B. Rs. 1180

C. Rs. 1150

D. Rs. 1200

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Correct Answer: Option D

Explanation:
CP = 1080/0.9 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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

A. 25%

B. 20%

C. 40%

D. 33.33%

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Correct Answer: Option D

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 #3

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If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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