A man buys a toy for ₹400 and sells it

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Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man buys a toy for ₹400 and sells it at a loss of 15%. What is the selling price of the toy?

Options:

₹350

₹340

₹370

₹360

Correct Answer:

₹340

Explanation:

The cost price of the toy = 400

Loss% = 20%

Then the selling price of the toy = 400 × \(\frac{80}{100}\) = ₹340