A man bought some toys at the Rs. 60 and sold them Rs.50. Find his loss percent?

A) 10%

B) 16.6%

C) 25.8%

D) 30%

As S.P<C.P , so we get loss 

Loss  = C.P-S.P 

          =60-50

         = 10

Now,

 Loss%= [ 100*Loss]/C.P 

            =[ 100*10]/60

            =16.6%

 

 

 

Related MCQs:
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  2. Abdul Purchased 20 dozen of toys at the rate of Rs.375 per dozen. He sold each toy for Rs. 33.What was his percentage profit?
  3. An article is purchased for Rs. 450 and sold for Rs. 495. Find the gain percent?
  4. Haider made a profit of 25% in the first year. Next year, he had a loss of 20% on the capital he had at the beginning of the second year. What was his overall loss?