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. 16.67%

B. 30%

C. 20%

D. 25%

Answer: Option D

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 shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 270

B. Rs. 240

C. Rs. 260

D. Rs. 250

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Correct Answer: Option D

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #2

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A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage?

A. 50.5%

B. 45%

C. 56.25%

D. 40%

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Correct Answer: Option C

Explanation:
Buy 20 apples for 16. Sell 20 apples for 25. Profit = 25 - 16 = 9. Profit percentage = (9 / 16) * 100 = 56.25%.

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Question #3

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A trader marks his goods 60% above cost and gives a discount of 30%. What is his profit percent?

A. 18%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 160, SP = 160*0.7 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

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