If the cost price of an article is Rs. 300 and the selling price is Rs. 255, what is the loss percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 300 and the selling price is Rs. 255, what is the loss percentage?

A. 15%

B. 12%

C. 18%

D. 10%

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 45, loss% = 45/300*100 = 15%.

This question belongs to: Maths Profit And Loss

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Question #1

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 160

B. Rs. 200

C. Rs. 220

D. Rs. 180

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Correct Answer: Option D

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 20% on an article and still gains 25%. If the cost price is Rs. 400, find the marked price.

A. Rs. 650

B. Rs. 600

C. Rs. 625

D. Rs. 700

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Correct Answer: Option C

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Question #3

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If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 8%

B. 10%

C. 12%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

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