Quantitative Aptitude Ques 186

Question: Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his per cent loss on the labelled price?

Options:

A) 4

B) 8

C) 2

D) 6

Show Answer

Answer:

Correct Answer: C

Solution:

  • The total loss is given by $ =( a+b+\frac{a\times b}{100} )% $ Here, $ a=-,30, $ $ b=40 $ Then, $ ( -,30+40+\frac{-,30\times 40}{100} )% $ $ =(10-12)%=-,2% $ Since, $ -ve $ sign signifies loss. So, he has a loss of 2%.
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