Question

Aasifbhai bought a refrigerator at Rs 10,000. After sometime he sold it to his friend at Rs 9000, then how much percentage profit or loss does he make?

• A. 10% loss
• B. 10% profit
• C. 20% loss
• D. 30% loss

Answer 1

The correct option is A 10% loss

Given: C.P $=Rs.10000$

and S.P $=Rs.9000$

Loss $=$ C.P - S.P

$=10000-9000$

$=Rs.1000$

Loss percent $=\frac{CP-SP}{CP}\times 100$

$=\frac{1000}{10000}\times 100$

$=10\%$