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. 15%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 600

B. Rs. 620

C. Rs. 560

D. Rs. 580

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

A dishonest grocer claims to sell his goods at a 10% profit but uses a weight of 800 grams instead of 1 kg. What is his actual profit percentage?

A. 40%

B. 30%

C. 37.5%

D. 35%

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Correct Answer: Option C

Explanation:
Cost Price of 800g = Rs. 800. Selling Price for 1000g claimed at 10% profit = Rs. 1100. Profit = 1100 - 800 = 300. Actual profit percentage = (300 / 800) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

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