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Question

If a book is purchased for 490 and sold for 465.50, the loss percent is

A
10%
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B
5%
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C
15%
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D
1%
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Solution

The correct option is A 5%
CP=490
SP=465.50
Loss =24.50
Loss for 490 is = 24.50
Loss for 100 =24.50×100490=450490=5%

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