Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of a wine bottle is ₹660. If the wine bottle is sold at a loss of 20%, what is the nominal amount of loss incurred through its sale?

Options:

₹112

₹110

₹106

₹132

Correct Answer:

₹132

Explanation:

Cost price = 660

Loss = 20%

Amount of loss = \(\frac{660 × 20}{100}\) = ₹132