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Sticky Note
A cup was marked for Rs. 800 but sold for Rs. 560. The percent loss on the product is _____?
  1. 20
  2. 30
  3. 40
  4. None of these
Explanation

Loss = Marked Price - Selling Price = 800 - 560 = 240

Loss % = (Loss / Marked Price) × 100

= (240 / 800) × 100

= 30%

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