If the profit is one-fourth of the selling price, find the true profit percentage on the cost price. MCQ with Answer and Explanation

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

A. 20%

B. 40%

C. 33.33%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

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Question #1

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 400

B. Rs. 390

C. Rs. 410

D. Rs. 385

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Correct Answer: Option A

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 670

B. Rs. 681.82

C. Rs. 700

D. Rs. 660

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Correct Answer: Option B

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

Question #3

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A trader allows a discount of 20% on the marked price and still gains 15%. If the cost price is Rs. 600, find the marked price.

A. Rs. 875

B. Rs. 850

C. Rs. 862.5

D. Rs. 900

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Correct Answer: Option C

Explanation:
SP = 600*1.15 = 690. MP = 690 / 0.8 = 862.5.

This question belongs to: Maths Profit And Loss

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