A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage. MCQ with Answer and Explanation

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A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 15%

B. 30%

C. 20%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 18%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 90, profit% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 800

B. Rs. 700

C. Rs. 840

D. Rs. 900

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Correct Answer: Option A

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 400

B. Rs. 420

C. Rs. 350

D. Rs. 380

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Correct Answer: Option A

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

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