Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article ?

Options:

66.67%

38.33%

41.33%

51.33%

Correct Answer:

66.67%

Explanation:

Let cost price = 100

Loss = 40% of 100 = 40

Selling price = 100 - 40 = 60

Required percentage = \(\frac{40}{60}\) × 100 = 66.67%