Profit & Loss · Question 16 · Easy

A bookseller buys a dictionary for ₹750 and sells it for ₹690. What is his loss percentage?

  1. 6%
  2. 8.7%
  3. 10%
  4. 8%
Answer and explanation

Answer: D. 8%

Explanation: Loss = 750 − 690 = ₹60. Loss % = 60/750 × 100 = 8%.

Previous: A trader wants to earn 22.5% profit even after allowing a 12.5% discount. By… · Next: A mobile cover is sold for ₹1,380 at a profit of 15%. What is its cost price?

Practise profit & loss

Try a fresh set of profit & loss questions with an explanation after every answer, free and without signing up: Profit & Loss practice. Or sit a full placement mock test.

More profit & loss questions

More quantitative aptitude practice

Simple & Compound Interest · Ratio & Proportion · Averages · Problems on Ages · Mixtures & Alligation · Time & Work · Pipes & Cisterns · Time, Speed & Distance

LogicWiz Exams home · All practice topics · Placement mock tests · Daily 10 challenge