The cost price of 20 articles is equal to the selling price of 16 articles. Find the profit percentage. MCQ with Answer and Explanation

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The cost price of 20 articles is equal to the selling price of 16 articles. Find the profit percentage.

A. 20%

B. 25%

C. 16.67%

D. 30%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 20 = 20, SP of 16 = 20 => SP of 1 = 20/16 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 705.88

B. Rs. 680

C. Rs. 700

D. Rs. 720

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Correct Answer: Option A

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.85 = 705.88.

This question belongs to: Maths Profit And Loss

Question #2

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If an article is sold at Rs. 105, there is a profit of 5%. Find its cost price.

A. Rs. 95

B. Rs. 98

C. Rs. 100

D. Rs. 110

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Correct Answer: Option C

Explanation:
CP = 105/1.05 = 100.

This question belongs to: Maths Profit And Loss

Question #3

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A merchant marks his goods up by 50% and then offers a discount on the marked price. If his final profit is 20%, what is the discount percentage given?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP = 100. Marked Price (MP) = 150. For a final profit of 20%, the Selling Price (SP) = 120. Discount Amount = MP - SP = 150 - 120 = 30. Discount Percentage = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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