If the cost price is Rs. 300 and the selling price is Rs. 270, what is the loss percentage? MCQ with Answer and Explanation

If the cost price is Rs. 300 and the selling price is Rs. 270, what is the loss percentage?

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Loss = 30, loss% = (30/300)*100 = 10%.

This question belongs to: Maths Profit And Loss

No comments yet. Be the first to start the discussion!

Question #1 Report Error

If the cost price of an item is Rs. 560 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 640

B. Rs. 660

C. Rs. 644

D. Rs. 650

Correct Answer: Option C

Explanation:
SP = 560*1.15 = 644.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price.

A. Rs. 300

B. Rs. 310

C. Rs. 290

D. Rs. 320

Correct Answer: Option A

Explanation:
CP = 330 / 1.10 = 300.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 650

B. Rs. 550

C. Rs. 500

D. Rs. 600

Correct Answer: Option D

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss