A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage? MCQ with Answer and Explanation

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A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?

A. 30%

B. 25%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = 160, loss% = 160/800*100 = 20%.

This question belongs to: Maths Profit And Loss

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A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price?

A. 11.5% Profit

B. 13.33% Profit

C. 10% Profit

D. 15% Profit

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Correct Answer: Option B

Explanation:
Let Marked Price (MP) = 100. SP = 75. Loss = 15%, so SP = 0.85 * CP. 0.85 * CP = 75. CP = 75 / 0.85 = 1500 / 17. If sold at MP (100), Profit = 100 - (1500/17) = 200/17. Profit % = ((200/17) / (1500/17)) * 100 = (200/1500) * 100 = 13.33%.

This question belongs to: Maths Profit And Loss