Quant Exam > Quant Questions > If a trader estimates his loss as 10% of the ...
Start Learning for Free
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?
- a)100/9 %
- b)100/11 %
- c)100/13 %
- d)100/7%
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
If a trader estimates his loss as 10% of the selling price, what is hi...
(cp – sp)/sp = 10/100
10cp = 11sp, now let cp = 1
So cp of 11 items = 11 and sp = 10, loss percent = (1/11)*100 = 100/11 %
10cp = 11sp, now let cp = 1
So cp of 11 items = 11 and sp = 10, loss percent = (1/11)*100 = 100/11 %
Most Upvoted Answer
If a trader estimates his loss as 10% of the selling price, what is hi...
Explanation:
To solve this problem, we can assume a selling price and calculate the corresponding loss based on the given estimation. Let's assume the selling price is $100.
Step 1: Calculate the estimated loss:
According to the given estimation, the trader estimates his loss as 10% of the selling price. So, the estimated loss would be 10% of $100, which is $10.
Step 2: Calculate the real loss percent:
To calculate the real loss percent, we need to find the actual loss as a percentage of the selling price. Let's assume the actual loss is x% of the selling price.
The selling price is $100, and the actual loss is x% of $100, which can be written as (x/100) * $100.
Since the estimated loss is $10, we can set up the equation:
(x/100) * $100 = $10
Simplifying the equation, we get:
x = ($10 * 100) / $100
x = 10%
Therefore, the real loss percent is 10%.
Now, let's check the answer options:
a) 100/9%: This is not equal to the calculated real loss percent of 10%.
b) 100/11%: This is equal to the calculated real loss percent of 10%. Hence, this is the correct answer.
c) 100/13%: This is not equal to the calculated real loss percent of 10%.
d) 100/7%: This is not equal to the calculated real loss percent of 10%.
e) None of these: The correct answer is option B, so this option is incorrect.
Therefore, the correct answer is option B) 100/11%.
To solve this problem, we can assume a selling price and calculate the corresponding loss based on the given estimation. Let's assume the selling price is $100.
Step 1: Calculate the estimated loss:
According to the given estimation, the trader estimates his loss as 10% of the selling price. So, the estimated loss would be 10% of $100, which is $10.
Step 2: Calculate the real loss percent:
To calculate the real loss percent, we need to find the actual loss as a percentage of the selling price. Let's assume the actual loss is x% of the selling price.
The selling price is $100, and the actual loss is x% of $100, which can be written as (x/100) * $100.
Since the estimated loss is $10, we can set up the equation:
(x/100) * $100 = $10
Simplifying the equation, we get:
x = ($10 * 100) / $100
x = 10%
Therefore, the real loss percent is 10%.
Now, let's check the answer options:
a) 100/9%: This is not equal to the calculated real loss percent of 10%.
b) 100/11%: This is equal to the calculated real loss percent of 10%. Hence, this is the correct answer.
c) 100/13%: This is not equal to the calculated real loss percent of 10%.
d) 100/7%: This is not equal to the calculated real loss percent of 10%.
e) None of these: The correct answer is option B, so this option is incorrect.
Therefore, the correct answer is option B) 100/11%.
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a trader estimates his loss as 10% of the selling price, what is his real loss percent?a)100/9 %b)100/11 %c)100/13 %d)100/7%e)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup