Selling price of a watch is Rs.1056 and

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Selling price of a watch is Rs.1056 and profit percentage is 10 percent. If selling price is Rs. 800, then what will be the loss percentage?

Options:

16.66 percent

25 percent

12.5 percent

15 percent

Correct Answer:

16.66 percent

Explanation:

According to the questiion,

1056 = 110% of the cost price

800 = \(\frac{110 × 800}{1056}\) = 83.33

So the loss % = 100 - 83.33 = 16.66%