Q. A person buys a watch for ₹ 500 and sells it for ₹ 300. Find his loss per cent.
✅ Correct Answer: (B)
40%
Explanation: Given that CP = ₹ 500 and SP = ₹ 300
Loss = CP - SP = 500 - 300 = ₹ 200
∴ Loss % = (Loss/CP) x 100%
= (200/500) x 100% = 40 %
Explanation by: Monu Rathod
Given that CP = ₹ 500 and SP = ₹ 300
Loss = CP - SP = 500 - 300 = ₹ 200
∴ Loss % = (Loss/CP) x 100%
= (200/500) x 100% = 40 %
Loss = CP - SP = 500 - 300 = ₹ 200
∴ Loss % = (Loss/CP) x 100%
= (200/500) x 100% = 40 %