Question

A shopkeeper buys a tin for $Rs.50$ and sells it for $Rs.46$. Find his loss or gain percentage?

• A. $4$% loss
• B. $8$% loss
• C. $4$% gain
• D. $8$% gain

Answer 1

Answer: (B)

$8$% loss

As. $S.P.<C.P.$

$\therefore$ loss

$\Rightarrow$ loss $=\left(\frac{C.P.-S.P.}{C.P.}\right)\times 100$

$=\left(\frac{50-46}{50}\right)\times 100=8\%loss$