Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Rohit buys a old bat for Rs 880 and spends Rs 120 on its repairing. If he sells it for Rs 800, what is the loss percentage?

Options:

25%

30%

10%

20%

Correct Answer:

20%

Explanation:

Total cost of the old bat = cost price + cost of repairment 

                                   = 880 + 120 = Rs 1000

Selling price = Rs 800

Loss = Total cost - Selling price = 1000 - 800 = 200

Loss% = $\frac{200}{1000}$ = 20%