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. 20%

B. 10%

C. 25%

D. 15%

Answer: Option A

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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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 200

D. Rs. 220

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Correct Answer: Option C

Explanation:
CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 60% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 15%

C. 18%

D. 12%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 160, SP = 160*0.7 = 112, profit = 12%.

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Question #3

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If the loss is one-fifth of the cost price, what is the loss percentage?

A. 25%

B. 16.67%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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