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Daniyal sold a chair for Rs. 800 which he had bought for Rs. 1000. What is his % loss?
  1. 20%
  2. 10%
  3. 15%
  4. 25%
Explanation
Given:

  • Cost Price (C.P.) = Rs. 1000

  • Selling Price (S.P.) = Rs. 800

Step 1: Calculate Loss


text{Loss} = text{C.P.} - text{S.P.} = 1000 - 800 = text{Rs. 200}

Step 2: Calculate Loss Percentage


text{Loss %} = left( frac{200}{1000} right) times 100 = 20%1000​)×100=20%

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