A bookseller sells 10 pens for ₹300, but in doing so, he incurs a loss equal to the cost price of 4 pens. The loss percent is:
- (a)40%
- (b)70%
- (c)60%
- (d)50%
Answer
Why
Correct — A.
Loss = cost price of 4 pens
Selling price of 10 pens = CP of 10 − CP of 4 = CP of 6 pens
Loss % = CP of 4 ÷ CP of 10 × 100 = 40%
Check in rupees: CP of 6 pens = ₹300, so one pen costs ₹50
CP of 10 = ₹500, loss = ₹200, and 200 ÷ 500 × 100 = 40% → option (a).
Why the others are wrong
- (b)70% — 70% would need a loss equal to the cost of 7 pens out of 10. The stem fixes the loss at the cost of 4 pens, which is 40% of the cost of 10.
- (c)60% — 60% is the selling price as a share of cost, not the loss. The 10 pens sell for the cost of 6, so SP is 60% of CP and the loss is the other 40%.
- (d)50% — 50% would mean a loss equal to the cost of 5 pens, half the 10 sold. Here it is the cost of 4 pens, so the loss is 4⁄10 = 40%.
Concept
When a loss or gain is stated as the cost of some of the articles, measure everything in units of one article's cost.
Selling 10 pens at a loss worth 4 pens means the money received equals the cost of 6 pens. The loss percent is 4 out of 10, taken on cost.
The ₹300 is not needed for the percentage. It fixes the cost of one pen at ₹50.
Key facts
- Loss % = loss ÷ cost price × 100, always taken on cost.
- If the loss on selling n articles equals the cost of m of them, loss % = m ÷ n × 100.
- Here SP of 10 pens = CP of 6 pens, so SP is 60% of CP.
Study next
Common traps
- Dividing the loss by the selling price instead of the cost: 4 ÷ 6 gives 66.7%.
- Treating ₹300 as the cost of the 10 pens, when it is what they sold for.
23 Sep 2024, 12:30, Quant Q.22 also prices in numbers of articles: the marked price of 55 equals the cost of 99, and the selling price of 56 equals the marked price of 35, a 12.5% profit.
18 Sep 2025, 12:30, Quant Q.4 buys 5 novels for the marked price of 4 and sells them at 5% off, an 18.75% profit.
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