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Bank Jobs - IBPS - Quant Mock question

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Sonu purchased a watch for INR2000 and then Sold it to Monu for INR2500. Monu sold it to Ronu for INR2400. What is the proft/loss percentage for Monu?
  • Sandeep Reddy Komatireddy
    As Monu sold it for INR2400 (where as cost price is INR2500), Monu will make loss.
    so loss percentage for Monu=[(C-S)/C]*100

    = (2500-2400/2500)*100
    = (100/2500)*100
    Loss percentage is 4%
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