College of Admission Tests Multan

Profit and Loss

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

Question: 6

A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item
  • Rs. 660
  • Rs. 760
  • Rs. 860
  • Rs. 960

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Correct Answer: D

20% loss means, S.P. = 80% of C.P.

= 80% of 1200

= 80 100 × 1200

= 960