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

A. 8%

B. 10%

C. 12%

D. 15%

Answer: Option B

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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The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price?

A. Rs. 1000

B. Rs. 1050

C. Rs. 1080

D. Rs. 1020

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Correct Answer: Option D

Explanation:
SP = 1200*0.85 = 1020.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a book at a loss of 5%. If the selling price is Rs. 190, what is the cost price?

A. Rs. 210

B. Rs. 195

C. Rs. 200

D. Rs. 185

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 190/0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 170

B. Rs. 165

C. Rs. 155

D. Rs. 160

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Correct Answer: Option D

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

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