If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 20%

B. 25%

C. 30%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 445

B. Rs. 430

C. Rs. 437

D. Rs. 440

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Correct Answer: Option C

Explanation:
Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 850

B. Rs. 800

C. Rs. 900

D. Rs. 950

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys 80 kg of rice and sells it at a profit of as much money as he paid for 30 kg. His profit percentage is:

A. 27.5%

B. 37.5%

C. 35%

D. 30%

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Correct Answer: Option B

Explanation:
Let Cost Price of 1 kg = 1. Cost Price of 80 kg = 80. Profit = Cost Price of 30 kg = 30. Profit percentage = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

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