Multiple choice

A man bought a watch for Rs 180 and mark the price of the watch at Rs. 240. If he sells the watch at 40% discount. What is the profit or loss percentage ?

  1. 15% Profit

  2. 15% Loss

  3. 20% Loss

  4. 20% Profit
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = Rs 180. Marked price = Rs 240. 40% discount means selling price = 240 - (40% of 240) = 240 - 96 = Rs 144. Loss = 180 - 144 = Rs 36. Loss % = (36/180) × 100 = 20%. This is a 20% loss.

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