A fan is sold for Rs1 560 at a profit of 30 If its selling price is Rs960 then what will be the loss...........

Quantitative Aptitude (MTS) Profit and loss

A fan is sold for Rs1,560 at a profit of 30%. If its selling price is Rs960, then what will be the loss percentage?

This questions was previously asked in

SSC MTS 6th July 2022 Shift-1

30%

20%

10%

25%

- The selling price of the fan is Rs1,560 with a 30% profit.

- To find the cost price, use the formula:

Cost Price = Selling Price / (1 + Profit Percentage/100)

Cost Price = 1560 / (1 + 0.30)

Cost Price = Rs1,200

- If the fan is sold for Rs960, calculate the loss:

Loss = Cost Price - Selling Price

Loss = 1200 - 960 = Rs240

- Calculate the loss percentage:

Loss Percentage = (Loss / Cost Price) × 100

Loss Percentage = (240 / 1200) × 100

Loss Percentage = 20%

- Option 2: 20%

Submit Error