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. 30%

B. 33.33%

C. 20%

D. 25%

Answer: Option D

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 dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 23.25%

B. 25%

C. 20%

D. 18%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 2%

B. 0%

C. 10%

D. 5%

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Correct Answer: Option B

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Question #3

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A shopkeeper marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 10%

C. 4%

D. 6%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

This question belongs to: Maths Profit And Loss

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