Question

A company buy a machine for $7000$ rupees and spends $2000$ for electricity and labour charges. If he sells these machine at $5000$ rupees. Find his loss percent.

• A. $12.22\%$
• B. $32.23\%$
• C. $22.22\%$
• D. $44.44\%$

Answer 1

The correct option is D $44.44\%$

Price paid for buying a machine $=7000$
Amount spent on electricity and labout $=2000$
Total cost of the machine $=$ cost price $=7000+2000=9000$
Selling price $=5000$
Gain $=$ C.P. $-$ S.P. $=9000-5000=4000$
Gain $\%=$ $\frac{Gain}{C.P.}\times 100$ $\%=$ $\frac{4000}{9000}\times 100$ $\%$
$=44.44\%$