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SSC MTS 2021 · PYQ · Profit and Loss · medium

A fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?

  1. A.20%✓ Correct
  2. B.25%
  3. C.10%
  4. D.30%

Explanation

CP = 1560/130 × 100 = ₹1200. New SP = ₹960, Loss = 1200–960 = ₹240. Loss% = 240/1200 × 100 = 20%.
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