Multiple choice

Ajay sold a watch to Deepak at a profit of 32%. Deepak had lost some money and he could pay only 63 paise in a rupee. What is the percentage loss that Ajay faces by this sale?

  1. 17.98%

  2. 13.76%

  3. 16.84%

  4. 16.90%

  5. 14.98%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = 100. Selling price = 132. Deepak pays 63% of the selling price = 0.63 * 132 = 83.16. Ajay's loss = 100 - 83.16 = 16.84%.

AI explanation

Let the cost price of the watch for Ajay be Rs. 100; at a 32% profit, his intended selling price to Deepak is Rs. 132. Since Deepak could only pay 63 paise per rupee, Deepak pays 0.63 times 132, which equals Rs. 83.16. Ajay's loss is 100 - 83.16 = 16.84, meaning his loss percentage is 16.84%.

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