# A Person Buys a Watch for Rs.500 and Sells it for Rs. 300. Find his Loss percent.

**Answer: (2) 40 %**

**Explanation:-**

Cost price of a watch = Rs.500

Selling price of a watch = Rs.300

Loss = 500 – 300

= Rs.200

Loss % = 200 x 100/500

= 200/5

= 40 %

Hence, the loss percent is 40 %.