A fan is sold for ₹1,560 at a profit o

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?

Options:

30%

20%

10%

25%

Correct Answer:

20%

Explanation:

Selling price = 1560

Profit = 30%

Cost price = 1560 × \(\frac{100}{130}\) = 1200

New selling price = 960

Then the loss percentage = (1200 - 960) × \(\frac{100}{1200}\) = 20%