Question

If a radio is purchased for $Rs.490$ and sold for $Rs.465.50$. Find the loss%?

• A. $6$
• B. $5$
• C. $4$
• D. $3$

Answer 1

Answer: (B)

$5$

Here Cost price, CP = Rs 490

And selling Price, SP = Rs 465.50

$\Rightarrow$ Loss $=CP-SP=490-465.50=24.5Rs.$

Since Loss% $=\frac{\text{Loss}}{CP}\times 100=\frac{24.5}{490}\times 100=5\%$

$\Rightarrow$ Loss % = 5 %