By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage. MCQ with Answer and Explanation

By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage.

A. 20%

B. 15%

C. 25%

D. 30%

Answer: Option A

Let CP of 1 meter = 1. CP of 20 meters = 20. Profit = CP of 4 meters = 4. Profit % = (4/20) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A shopkeeper purchases an item for Rs. 450 and sells it for Rs. 405. What is the loss percentage?

A. 12%

B. 15%

C. 10%

D. 8%

Correct Answer: Option C

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the selling price of an article is Rs. 270 and the profit is 35%, find the cost price.

A. Rs. 190

B. Rs. 200

C. Rs. 220

D. Rs. 210

Correct Answer: Option B

Explanation:
CP = 270 / 1.35 = 200.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the loss is one-fifth of the cost price, what is the loss percentage?

A. 20%

B. 25%

C. 16.67%

D. 30%

Correct Answer: Option A

Explanation:
Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss