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. 20%

C. 25%

D. 15%

Answer: Option B

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

A shopkeeper sells a watch for Rs. 540, losing 10%. Find the cost price.

A. Rs. 560

B. Rs. 600

C. Rs. 580

D. Rs. 620

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 540 / 0.9 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A man sells one-third of his goods at a 15% profit, one-fourth at a 20% profit, and the rest at a 24% profit. What is his overall profit percentage?

A. 22%

B. 21%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Let total goods = 120. Cost Price = 120. Parts are 40, 30, and 50. Profit = (40 * 15%) + (30 * 20%) + (50 * 24%) = 6 + 6 + 12 = 24. Overall profit percentage = (24 / 120) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 500

B. Rs. 480

C. Rs. 510

D. Rs. 520

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Correct Answer: Option A

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

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