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Question

Find the profit or loss percent in a transaction where the cost price is ₹ 20 and the selling price is ₹16.


A

Profit of 20%

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B

Profit of 25%

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C

Loss of 20%

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D

Loss of 25%

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Solution

The correct option is C

Loss of 20%


Given:
Cost price (CP) = ₹ 20
Selling price (SP) = ₹ 16

Since CP > SP, there is a loss incurred which is calculated as:

Loss = CP - SP = ₹ (20 -16) = ₹ 4

Loss%=LossCP×100

= 4 20×100

=15×100

=20%


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