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. 12%

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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Practice More Profit And Loss Questions

Question #1

A man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 480

B. Rs. 540

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 468 and the profit is 30%, find the cost price.

A. Rs. 360

B. Rs. 340

C. Rs. 400

D. Rs. 380

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Correct Answer: Option A

Explanation:
CP = 468 / 1.30 = 360.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper bought an article for Rs. 500 and sold it for Rs. 600. What is his profit percentage?

A. 25%

B. 15%

C. 10%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = Selling Price (SP) - Cost Price (CP) = 600 - 500 = 100. Profit Percentage = (Profit / CP) * 100 = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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