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SSC MTS 2024 · PYQ · Profit and Loss · medium

A man sold his bicycle for ₹810 losing two-fifth of its cost price. What is the loss percentage?

  1. A.40%✓ Correct
  2. B.45%
  3. C.35%
  4. D.50%

Explanation

Let cost price = 5x. Loss = 2x, so SP = 3x = 810 → x = 270. CP = 1350, Loss = 540. Loss% = 540/1350 × 100 = 40%.
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