What is the sale price of a product-in Taka if it is bought for Taka 400 and sold at a loss of 20%?

What is the sale price of a product-in Taka if it is bought for Taka 400 and sold at a loss of 20%?

A 320

B 340

C 360

D 300

Solution

Correct Answer: Option A

20% loss means, selling at (100-20)% of the price

or, 80% of the price.

80% of 400 tk is = 400*80/100

= 320 tk