mcqs Math Profit And Loss Jack sold a TV set at $1584. If he purchased it at $1800, then calculate his loss and loss percent in this sale. 148

Question: Jack sold a TV set at $1584. If he purchased it at $1800, then calculate his loss and loss percent in this sale.

(A)  Loss = $216 and 20%
(B)  Loss = $216 and 15%
(C)  Loss = $216 and 12%
(D)  Loss = $216 and 25%

Correct Answer Loss = $216 and 12%

Solution And Explanation

Solution

Given, Cost price (CP) = $1800

Sale price (SP) = $1584

Therefore, loss and loss % = ?

Loss = Cost Price – Sale Price

∴ Loss = $1800 – $1584

⇒ Loss = $216

Loss% = ^{Loss × 100}/_{Cost price}

Here, Loss = $216

And, Cost Price = $1800

∴ Loss% = ^{216 × 100}/₁₈₀₀

= ^{216 12}/₁₈ = 12%

⇒ Loss = 12%

Therefore, Loss = $216 and Loss% = 12% Answer

Here, loss = $216

And, Cost Price = $1800

∵ In $1800, loss = $216

∴ In $1, loss = ²¹⁶/₁₈₀₀

∴ In $100, loss = ²¹⁶/₁₈₀₀ × 100

= ^{18 × 12}/_{18 × 100} × 100 = 12%

[∵ 216 = 18 × 12 and 1800 = 18 × 100]

⇒ Loss = 12%

Therefore, Loss = $216 and Loss% = 12% Answer