A shopkeeper purchases an item for Rs. 450 and sells it for Rs. 405. What is the loss percentage? MCQ with Answer and Explanation

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A shopkeeper purchases an item for Rs. 450 and sells it for Rs. 405. What is the loss percentage?

A. 15%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

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Question #1

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A book was sold at a 12% profit. If it had been bought at 10% less and sold for Rs. 5.75 more, the profit would have been 30%. Find the cost price.

A. Rs. 125

B. Rs. 150

C. Rs. 120

D. Rs. 115

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Correct Answer: Option D

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 112x. New Cost Price = 90x. New Selling Price = 90x * 1.30 = 117x. Difference in Selling Price = 117x - 112x = 5x. 5x = 5.75. x = 1.15. Cost Price = 100 * 1.15 = 115.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 15%

C. 8.5%

D. 12%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 155, SP = 155*0.7 = 108.5, profit = 8.5%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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