A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage? MCQ with Answer and Explanation

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A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 30%

B. 15%

C. 20%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods 20% above cost and gives a discount of 20%. What is his profit or loss percent?

A. Profit 4%

B. No profit no loss

C. Loss 2%

D. Loss 4%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 120, SP = 120*0.8 = 96, loss = 4%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article for Rs. 735, gaining 5%. Find the cost price.

A. Rs. 720

B. Rs. 740

C. Rs. 700

D. Rs. 680

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Correct Answer: Option C

Explanation:
CP = 735 / 1.05 = 700.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

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