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. 20%

D. 8%

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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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 25%

B. 20%

C. 30%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A fruit seller buys 50 mangoes at Rs. 10 each and sells them at Rs. 12 each. What is his profit percentage?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
CP = 500, SP = 600, profit = 100, profit% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an item for Rs. 600, gaining 20%. What is the cost price?

A. Rs. 480

B. Rs. 550

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 600 / 1.20 = 500.

This question belongs to: Maths Profit And Loss

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