A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage? MCQ with Answer and Explanation

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A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 25%

B. 15%

C. 30%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 160, loss% = 160/800*100=20%.

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 30%

B. 130%

C. 230%

D. 115%

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Correct Answer: Option B

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage?

A. 18%

B. 21%

C. 19%

D. 25%

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Correct Answer: Option C

Explanation:
Let CP = 100. Marked Price (MP) = 140. Discount = 15% of 140 = 21. Selling Price (SP) = 140 - 21 = 119. Profit % = ((119 - 100) / 100) * 100 = 19%.

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Question #3

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If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 350

B. Rs. 360

C. Rs. 340

D. Rs. 370

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

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