A person buys a toy for Rs. 250 and sells it for Rs. 200. What is the loss percentage? MCQ with Answer and Explanation

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A person buys a toy for Rs. 250 and sells it for Rs. 200. What is the loss percentage?

A. 25%

B. 30%

C. 20%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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Two items are sold for Rs. 2400 each. One at a 20% profit, the other at a 20% loss. Find the overall loss in rupees.

A. Rs. 200

B. Rs. 100

C. Rs. 400

D. Rs. 0

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Correct Answer: Option A

Explanation:
CP1 = 2400/1.2 = 2000. CP2 = 2400/0.8 = 3000. Total CP = 5000. Total SP = 4800. Loss = 5000 - 4800 = Rs. 200.

This question belongs to: Maths Profit And Loss

Question #2

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An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage?

A. 25%

B. 20%

C. 15%

D. 18%

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Correct Answer: Option B

Explanation:
Marked Price = 1500. Selling Price = 1200. Discount = 1500 - 1200 = 300. Discount percentage = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a fan for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 820

D. Rs. 840

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Correct Answer: Option B

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

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