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

Question

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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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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 42

B. Rs. 40

C. Rs. 38

D. Rs. 44

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Correct Answer: Option B

Explanation:
CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 30% above cost and gives a discount of 15%. What is his profit percent?

A. 15%

B. 12%

C. 10.5%

D. 9%

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Correct Answer: Option C

Explanation:
Let CP = 100. MP = 130. SP = 130 * 0.85 = 110.5. Profit = 10.5%.

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Question #3

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A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 245

B. Rs. 260

C. Rs. 240

D. Rs. 250

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Correct Answer: Option D

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

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