A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage? MCQ with Answer and Explanation

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A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 15%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks an article at Rs. 600 and gives a discount of 15%. What is the selling price?

A. Rs. 500

B. Rs. 490

C. Rs. 520

D. Rs. 510

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Correct Answer: Option D

Explanation:
SP = 600*0.85 = 510.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 490

B. Rs. 483

C. Rs. 500

D. Rs. 470

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Correct Answer: Option B

Explanation:
SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

Question #3

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

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

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