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If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

  • 20%
  • 25%
  • 30%
  • 35%

Answer: Option B

Explanation:

Let the Cost Price of 1 item = Re. 1
Cost Price of 16 items = 16
Selling Price of 16 items = 12

Loss = 16 - 12 = Rs 4

Loss % = (4/16)* 100 = 25%

Similar Questions :

1. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

  • Rs 25300
  • Rs 22300
  • Rs 24300
  • Rs 21300

Answer: Option A

Explanation:

This type of question can be easily and quickly solved as following:

Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]

x = (18700*115)/85
= Rs.25300

2. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

  • \begin{aligned} \frac{6}{19}\% \end{aligned}
  • \begin{aligned} \frac{6}{17}\% \end{aligned}
  • \begin{aligned} 5\frac{5}{11}\% \end{aligned}
  • \begin{aligned} 3\frac{5}{11}\% \end{aligned}

Answer: Option C

Explanation:

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100

Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800

Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}

3. A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.

  • Rs. 70
  • Rs. 72
  • Rs. 74
  • Rs. 76

Answer: Option B

Explanation:

We Know,

\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
=> C.P. = \frac{100}{122.50}* 392 \\
= 320 \\

Profit = 392 -320 = Rs 72
\end{aligned}

4. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.

  • 14
  • 15
  • 16
  • 17

Answer: Option C

Explanation:

Let the cost price 1 article = Re 1
Cost price of x articles = x
S.P of x articles = 20

Gain = 20 -x

\begin{aligned}
=> 25 = \left( \frac{20-x}{x} * 100 \right) \\
=> 2000 - 100x = 25 x \\
=> x = 16
\end{aligned}

5. Which among following options are true relating to this question :

Ram sold a card and makes 20% profit out of it, how much profit he actually earned ?

1. Difference between cost price of card and selling price of card is Rs. 40.
2. Selling price of card is 120% of cost price of card.

  • Either 1 and 2 are sufficient to answer
  • Either 1 and 2 are not sufficient to answer
  • 1 is sufficient to answer alone, 2 is not sufficient to answer
  • 2 is sufficient to answer alone, 1 is not sufficient to answer

Answer: Option C

Explanation:

From the question it is clear that, Gain is 20%
From 1, it is clear that S.P. - C.P. = 40, so it is sufficient to get answer.
While 2 is not sufficient to get answer.

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