A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage? MCQ with Answer and Explanation

Question

Share Report Error

A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 25%

B. 20%

C. 30%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 450

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 75% of CP => CP = 375 / 0.75 = 500.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper sells a book for Rs. 360, losing 10%. What is the cost price?

A. Rs. 380

B. Rs. 420

C. Rs. 390

D. Rs. 400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 360 / 0.9 = 400.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 240

B. Rs. 270

C. Rs. 250

D. Rs. 260

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 350 / 1.40 = 250.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs