A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage? MCQ with Answer and Explanation

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A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage?

A. 10%

B. 15%

C. 8%

D. 20%

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 20, loss% = 20/200*100=10%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price.

A. Rs. 1200

B. Rs. 1250

C. Rs. 1300

D. Rs. 1150

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 850

B. Rs. 820

C. Rs. 780

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1720

B. Rs. 1680

C. Rs. 1580

D. Rs. 1620

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Correct Answer: Option B

Explanation:
SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

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