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. 12%

B. 8%

C. 15%

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

A shopkeeper sells a chair for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 540

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Correct Answer: Option B

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

A person sells a watch for Rs. 1750, losing 30%. Find the cost price.

A. Rs. 2400

B. Rs. 2600

C. Rs. 2500

D. Rs. 2300

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Correct Answer: Option C

Explanation:
SP = 70% of CP => CP = 1750 / 0.7 = 2500.

This question belongs to: Maths Profit And Loss

Question #3

A trader marks his goods 50% above the cost price and gives a 20% discount. Furthermore, he uses a false weight of 900 grams instead of 1 kg. What is his actual overall profit percentage?

A. 33.33%

B. 40%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Let the true Cost Price for 1000 grams be Rs. 1000. The trader gives only 900 grams, so his actual Cost Price is Rs. 900. He marks up 1000 grams to Rs. 1500 and gives a 20% discount. Selling Price = 1500 * 0.80 = Rs. 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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