Question

Find profit or loss % when:
Cost Price = ₹1000 and
Selling Price = ₹800

• A. A loss of 30%
• B. A profit of 20%
• C. A loss of 20%
• D. A profit of 30%

Answer 1

The correct option is C

A loss of 20%

Given,
Cost Price (C.P.) = ₹1000

Selling Price (S.P.)= ₹800

Since, S.P < C.P, there is a loss.

$\Rightarrow$ $Loss\%=\frac{C.P.-S.P.}{C.P.}\times 100$

$=\frac{1000-800}{1000}\times 100$

$=\frac{200}{1000}\times 100$

$=20\%$