Step 1: Condition for maximum efficiency in transformer.
A transformer operates at maximum efficiency when:
\[
\text{Iron Loss} = \text{Copper Loss at that load}.
\]
Step 2: Given Data.
Iron loss \( P_i = 64 \, \text{W} \) (constant)
Copper loss at 120% load = \( (1.2)^2 \times 144 = 1.44 \times 144 = 207.36 \, \text{W} \)
Step 3: Find the load at which copper loss = iron loss.
Let full-load be \( x \). Then copper loss at any load = \( x^2 \times 144 \)
We need: \( x^2 \cdot 144 = 64 \)
\[
x^2 = \frac{64}{144} = \frac{4}{9} \Rightarrow x = \frac{2}{3} = 66.7\%
\]
But this is the condition for equality. Since it carries 20% overload, actual current = 1.2 per unit. So at this point:
\[
\text{Copper loss} = 1.44 \cdot 144 = 207.36 \\
\text{Iron loss} = 64
\]
So at 1.2 per unit load, we are closer to equal loss condition.
Conclusion: Transformer operates at maximum efficiency at 120% load.