If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent. MCQ with Answer and Explanation

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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 10%

B. 20%

C. 25%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 900

B. Rs. 750

C. Rs. 800

D. Rs. 600

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Correct Answer: Option B

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

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Question #2

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A dishonest dealer marks up his goods by 20% and then gives a discount of 10%. He uses a 900g weight instead of 1kg. What is his actual profit percentage?

A. 20%

B. 22%

C. 18%

D. 15%

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Correct Answer: Option A

Explanation:
Actual Cost Price for 900g = 900. Marked Price for 1000g = 1200. Selling Price after 10% discount = 1080. He claims to sell 1000g but gives 900g. Profit = 1080 - 900 = 180. Profit percentage = (180 / 900) * 100 = 20%.

This question belongs to: Maths Profit And Loss