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?
Answer & explanation
Correct answer: option 1
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%