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

Question

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

A. 40%

B. 25%

C. 33.33%

D. 20%

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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A merchant earns a 25% profit on the selling price of an article. What is his true profit percentage on the cost price?

A. 33.33%

B. 30%

C. 40%

D. 20%

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Correct Answer: Option A

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. True profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sold a watch for Rs. 960, gaining 20%. What was its cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 840

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 960/1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 405 and the profit is 35%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 300

D. Rs. 310

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Correct Answer: Option C

Explanation:
CP = 405 / 1.35 = 300.

This question belongs to: Maths Profit And Loss

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