A person buys a pair of jeans for Rs. 800 and sells them for Rs. 640. What is the loss percentage? MCQ with Answer and Explanation

A person buys a pair of jeans for Rs. 800 and sells them for Rs. 640. What is the loss percentage?
A. 25%
B. 20%
C. 15%
D. 30%
Answer: Option B
Solution (By JKSSB Mock Tests)
Loss = 160, loss% = 160/800*100 = 20%.

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Practice More Profit And Loss Questions

Question #1
A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?
A. Rs. 12
B. Rs. 8
C. Rs. 9
D. Rs. 10

Correct Answer: Option D


Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

This question belongs to: Maths Profit And Loss
Question #2
A sells an item to B at a 20% profit. B sells it to C at a 15% loss. C sells it to D at a 25% profit. If the difference between the cost prices of A and D is Rs. 137.50, what was A's cost price?
A. Rs. 450
B. Rs. 400
C. Rs. 500
D. Rs. 600

Correct Answer: Option C


Explanation:
Let A's Cost Price = 100x. B's Cost Price = 120x. C's Cost Price = 120x * 0.85 = 102x. D's Cost Price = 102x * 1.25 = 127.5x. Difference = 127.5x - 100x = 27.5x. 27.5x = 137.50. x = 5. A's Cost Price = 100 * 5 = 500.

This question belongs to: Maths Profit And Loss
Question #3
An article is sold at 20% profit. If its cost price and selling price are both decreased by Rs. 100, the profit percentage becomes 25%. Find the original cost price.
A. Rs. 600
B. Rs. 450
C. Rs. 400
D. Rs. 500

Correct Answer: Option D


Explanation:
Let original CP = x. Original SP = 1.2x. New CP = x - 100. New SP = 1.2x - 100. New profit = 25%. So, 1.2x - 100 = 1.25(x - 100). 1.2x - 100 = 1.25x - 125. 0.05x = 25. x = 500.

This question belongs to: Maths Profit And Loss