Question

Calculate the profit or loss percentage if a refrigerator is bought at ₹10,000 and sold at ₹9,500.

• A. Loss of 15%
• B. Profit of 10%
• C. Loss of 5%
• D. Profit of 2%

Answer 1

The correct option is C Loss of 5%

Cost price (C.P.) of the refrigerator = ₹10,000
Selling price (S.P.) of the refrigerator = ₹9,500
Since S.P. < C.P., a loss is incurred.
So Loss = ₹10,000 - ₹9,500 = ₹500
Now, loss percentage
$=\frac{Lossincurred}{CostPrice}\times 100$ $=\frac{₹500}{₹10,000}\times 100=5\%$