If the cost price of 20 articles is equal to the selling price of 16 articles, what is the profit percentage? MCQ with Answer and Explanation
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Question #1
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If the selling price of an article is Rs. 330 and the profit is 10%, what is the cost price?
Correct Answer: Option B
Explanation:
CP = 330 / 1.1 = 300.
CP = 330 / 1.1 = 300.
This question belongs to:
Maths
Profit And Loss
Question #2
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If an article is sold at a 200% profit, the ratio of its cost price to its selling price will be:
Correct Answer: Option C
Explanation:
Let Cost Price = 100. Profit = 200. Selling Price = 300. Ratio of Cost Price to Selling Price = 100 : 300 = 1 : 3.
Let Cost Price = 100. Profit = 200. Selling Price = 300. Ratio of Cost Price to Selling Price = 100 : 300 = 1 : 3.
This question belongs to:
Maths
Profit And Loss
Question #3
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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.
Correct Answer: Option B
Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.
This question belongs to:
Maths
Profit And Loss
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