If the cost price of 20 articles is equal to the selling price of 16 articles, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of 20 articles is equal to the selling price of 16 articles, what is the profit percentage?

A. 25%

B. 20%

C. 33.33%

D. 30%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let Cost Price of 1 article = 1. Cost Price of 16 articles = 16. Selling Price of 16 articles = Cost Price of 20 articles = 20. Profit = 20 - 16 = 4. Profit percentage = (4 / 16) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 160, loss% = 160/800*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods at Rs. 1500 and gives a discount of 20%. What is the selling price?

A. Rs. 1250

B. Rs. 1200

C. Rs. 1100

D. Rs. 1300

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of 12 articles is equal to the selling price of 9 articles. Find the gain percent.

A. 20%

B. 33.33%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.

This question belongs to: Maths Profit And Loss

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