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. 30%

C. 20%

D. 16.67%

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 man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 2200

B. Rs. 2000

C. Rs. 2100

D. Rs. 1800

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Correct Answer: Option B

Explanation:
CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

Question #2

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

A. No profit no loss

B. Profit 4%

C. Loss 4%

D. Loss 2%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 120, SP = 120*0.8 = 96, loss = 4%.

This question belongs to: Maths Profit And Loss

Question #3

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

A. 4%

B. 8%

C. 10%

D. 6%

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Correct Answer: Option A

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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