If the loss is one-fifth of the cost price, what is the loss percentage? MCQ with Answer and Explanation

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If the loss is one-fifth of the cost price, what is the loss percentage?

A. 25%

B. 16.67%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a radio for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 620

B. Rs. 580

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper sells a product for Rs. 720, gaining 20%. Find the cost price.

A. Rs. 580

B. Rs. 620

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #3

If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?

A. 25%

B. 15%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

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