If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 12%

B. 15%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

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Question #1

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After allowing a discount of 16%, a shopkeeper still earns a profit of 5%. What is the marked price if the cost price is Rs. 400?

A. Rs. 550

B. Rs. 520

C. Rs. 500

D. Rs. 450

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Correct Answer: Option C

Explanation:
SP = 105% of 400 = 420. Marked Price (MP) - 16% of MP = SP. 0.84 * MP = 420. MP = 420 / 0.84 = Rs. 500.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a product for Rs. 920, losing 8%. Find the cost price.

A. Rs. 1000

B. Rs. 980

C. Rs. 950

D. Rs. 1020

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Correct Answer: Option A

Explanation:
SP = 92% of CP => CP = 920 / 0.92 = 1000.

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Question #3

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If the selling price of 9 articles is equal to the cost price of 10 articles, find the gain percent.

A. 11.11%

B. 12%

C. 10%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1. CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

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