If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent. MCQ with Answer and Explanation

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If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 15%

B. 16.67%

C. 10%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 415

B. Rs. 410

C. Rs. 400

D. Rs. 405

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Correct Answer: Option D

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?

A. 30%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 550

B. Rs. 480

C. Rs. 500

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

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