Profit & Loss Calculations
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Questions and Answers

An item is sold at a loss of 15%. If its cost price is ₹800, what is the selling price?

  • ₹780
  • ₹680 (correct)
  • ₹760
  • ₹860
  • If a loss is made on a ₹800 item with the selling price being ₹680, what percentage of the cost price is this loss?

  • 12%
  • 10%
  • 15% (correct)
  • 8%
  • What is the loss amount when an item with a cost price of ₹800 is sold at a 15% loss?

  • ₹140
  • ₹80
  • ₹100
  • ₹120 (correct)
  • What would the selling price be if the item costing ₹800 was sold at a 10% loss?

    <p>₹720 (B)</p> Signup and view all the answers

    If you purchase an item for ₹800 and sell it for ₹680, the difference between the cost price and selling price represents what?

    <p>Loss amount (D)</p> Signup and view all the answers

    Study Notes

    Profit & Loss Problem

    • A good is bought for 800 rupees

    • There is a loss of 15%

    • Calculate the selling price

    • Correct answer: 680 rupees

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    Description

    Test your skills in profit and loss calculations with this quiz. You will encounter a scenario where a good is bought for 800 rupees, and you need to determine the selling price after a loss of 15%. Challenge yourself and see how well you understand this essential concept!

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