What should come in place of the question mark 412 420 4... - Profit & Loss MCQ Solution

What should come in place of the question mark 412 420 408 424 404 428 ?

A man buys a watch for ₹1,200 and sells it at a 10% loss. What is the selling price of the watch?
एक आदमी ₹1,200 में एक घड़ी खरीदता है और उसे 10% की हानि पर बेच देता है। घड़ी का विक्रय मूल्य कितना है?

₹1,220 ₹1,080 ₹1,240 ₹1,180

Detailed Solution & Logic

Correct Answer:

₹1,080

Cost Price (CP) = ₹1,200
Loss = 10%

Selling Price (SP) when there is a loss:

$SP = CP \times \left(1 - \frac{Loss}{100}\right)$

$SP = 1200 \times \left(1 - \frac{10}{100}\right)$

$SP = 1200 \times 0.9 = 1080$

Selling Price = ₹1,080

Correct Option: ₹1,080

What should come in place of the question mark 412 420 408 424 404 428 ?

Detailed Solution & Logic

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