If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent. MCQ with Answer and Explanation

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If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent.

A. 20%

B. 15%

C. 10%

D. 16.67%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 10 = 10, SP of 12 = 10 => SP of 1 = 10/12 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 320 and the selling price is Rs. 400, what is the profit percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option A

Explanation:
Profit = 80, profit% = 80/320*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 6%

B. 8%

C. 10%

D. 4%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

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Question #3

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A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage?

A. 17%

B. 15%

C. 20%

D. 18%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, Profit = 17%.

This question belongs to: Maths Profit And Loss

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