Arithmetic Ability
Profit and Loss

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Q.

A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

View Answer

Correct choice: D

Explanation:

Here always remember, when ever x% loss, it means S.P. = (100 - x)% of C.P when ever x% profit, it means S.P. = (100 + x)% of C.P So here will be (100 - x)% of C.P. = 80% of 1200 = (80/100) * 1200 = 960
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