The cost price of a car is five times of the loss incurred on selling this car What is the loss perc...........

Quantitative Aptitude (MTS) Profit and loss

The cost price of a car is five times of the loss incurred on selling this car. What is the loss percentage?

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SSC MTS 8th July 2022 Shift-1

25%

16.66%

20%

33.33%

- Let's denote the loss incurred as L.

- The cost price (CP) of the car is stated to be five times the loss, i.e., CP = 5L.

- The loss percentage is calculated as (Loss/Cost Price) * 100 = (L/5L) * 100.

- Simplifying, the loss percentage becomes 20%.

?? Explanation of Options:

- Option 1: 25% – This would imply a significantly higher loss relative to the cost price.

- Option 2: 16.66% – Represents a smaller percentage, not consistent with the 5 times relation.

- Option 3: 20% – Correct as per the calculation above.

- Option 4: 33.33% – Would indicate a loss of approximately one-third, which doesn't align with the given data.

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