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

Question

Share Report Error

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

A. 15%

B. 30%

C. 20%

D. 25%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?

A. Rs. 900

B. Rs. 1100

C. Rs. 1200

D. Rs. 1000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A shopkeeper buys a product for Rs. 400 and sells it for Rs. 480. What is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 480 - 400 = 80. Profit% = (80/400)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 385

B. Rs. 390

C. Rs. 400

D. Rs. 410

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs