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Profit, Loss & Discount · Question 3 of 72

Question 3

EasyOriginal question

Harpreet buys a phone cover for ₹250. It does not sell, so she finally sells it for ₹210. What is the result of the deal?

Options for question 3

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Loss = ₹250 − ₹210 = ₹40.

  2. Loss % = 40250×100=16%\frac{40}{250} \times 100 = 16\%.

Worth noting

₹40 is the loss in rupees, not the loss percentage, and 84% is the SP as a percentage of the CP. The base for loss % is the cost price, ₹250.

Concept
Loss percentage on cost price
Typical time
35 s
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