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

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

A. 25%

B. 10%

C. 20%

D. 15%

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 man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper purchases an item for Rs. 450 and sells it for Rs. 405. What is the loss percentage?

A. 10%

B. 8%

C. 15%

D. 12%

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Correct Answer: Option A

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells an item at Rs. 180, losing 10%. What is the cost price?

A. Rs. 200

B. Rs. 210

C. Rs. 185

D. Rs. 190

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Correct Answer: Option A

Explanation:
CP = 180/0.9 = 200.

This question belongs to: Maths Profit And Loss

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