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

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

A. 25%

B. 15%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 35% above cost and gives a discount of 10%. What is his profit percent?

A. 18%

B. 21.5%

C. 20%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 38

B. Rs. 42

C. Rs. 44

D. Rs. 40

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Correct Answer: Option D

Explanation:
CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price?

A. Rs. 380

B. Rs. 420

C. Rs. 360

D. Rs. 400

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Correct Answer: Option D

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

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