A person bought a watch from a retail store at Rs400/ by paying a fake note of Rs500/ and received Rs100/ as return. If selling price includes a profit margin of 15%, what is the actual loss to the seller ??

Answers (1)

100 % of S.P.=C.P.+15% profit margin of S.P.

C.P. = 85 % of S.P.=0.85*400=340

100 Rs seller return to Person

If the payment note of Rs500/ is fake

So, Total loss = 340+100= 440 Rs

 

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