Discussion

Explanation:

Selling Price of a watch = Rs. 480

Profit = 20%

Hence, SP = CP(1 + P/100)

⇒ 480 = CP(1 + 20/100)

⇒ Cost Price of the watch = Rs. 400

Now, If the selling price of the watch is Rs. 320

Then, Loss % = (400 - 320) × 100/400

⇒ Loss % = 20%

Hence, option (c).

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