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. 8%

B. 15%

C. 12%

D. 10%

Answer: Option D

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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An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price?

A. Rs. 780

B. Rs. 820

C. Rs. 850

D. Rs. 800

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.

A. Rs. 340

B. Rs. 300

C. Rs. 320

D. Rs. 280

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Correct Answer: Option B

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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By selling a product for Rs. 425, a man loses 15%. To gain 5%, at what price should he sell?

A. Rs. 500

B. Rs. 550

C. Rs. 525

D. Rs. 475

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Correct Answer: Option C

Explanation:
Cost Price = 425 / 0.85 = 500. Selling Price for 5% gain = 500 * 1.05 = 525.

This question belongs to: Maths Profit And Loss

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