Question : The cost price of a watch is Rs. 750. If the loss percentage is 40 percent, then what is the value of loss?
Option 1: Rs. 300
Option 2: Rs. 280
Option 3: Rs. 420
Option 4: Rs. 220
Answer (1)
11th Jan, 2024
Correct Answer: Rs. 300
Solution :
Given,
Cost Price = Rs. 750
Loss % = 40%
$\therefore$ Value of the loss = $750\times\frac{40}{100}$ = Rs. 300
Hence, the correct answer is Rs. 300.
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