If the cost price of 8 articles is equal to the selling price of 10 articles, find the loss percent. MCQ with Answer and Explanation

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If the cost price of 8 articles is equal to the selling price of 10 articles, find the loss percent.

A. 25%

B. 20%

C. 15%

D. 10%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP of 1 = 1, CP of 8 = 8, SP of 10 = 8 => SP of 1 = 8/10 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 8.75%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 480 and the selling price is Rs. 600, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 120, profit% = 120/480*100 = 25%.

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Question #3

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A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 12.5%

C. 20%

D. 10%

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Correct Answer: Option B

Explanation:
Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss

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