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
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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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