If the loss is one-fifth of the cost price, what is the loss percentage? MCQ with Answer and Explanation

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

A. 25%

B. 20%

C. 16.67%

D. 30%

Answer: Option B

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

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 10%

B. 16.67%

C. 15%

D. 20%

Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the marked price of an article is Rs. 800 and it is sold at a discount of 15%, what is the selling price?

A. Rs. 760

B. Rs. 680

C. Rs. 640

D. Rs. 720

Correct Answer: Option B

Explanation:
SP = 800 * (1 - 0.15) = 800 * 0.85 = 680.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 300

B. Rs. 290

C. Rs. 310

D. Rs. 320

Correct Answer: Option A

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss