A shopkeeper finds that the profit from selling a watch for ₹1100 is equal to the loss incurred when selling it for ₹900. What will be the percentage loss if the watch is sold for ₹850?
Show answer & explanation
Correct answer: A
Explanation
Let the cost price of the watch be x.
1100 − x = x − 900
2x = 2000
x = ₹1000
If the watch is sold for ₹850,
Loss = 1000 − 850 = ₹150
Loss percentage = 150/1000 × 100 = 15%