Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Mohit purchased a table for Rs.1,260 and due to some scratches on its top, he sold it for Rs.1,197. What is his loss percent?

Options:

7%

4%

6%

5%

Correct Answer:

5%

Explanation:

CP = 1260 , SP = 1197

Loss = 1260 - 1197 = 63

Loss % = \(\frac{63}{1260}\) × 100 = 5%