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Daniyal sold a chair for Rs. 800 which he had bought for Rs. 1000. What is his % loss?

Daniyal sold a chair for Rs. 800 which he had bought for Rs. 1000. What is his % loss?

20%

10%

15%

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%