Question

Jack, a shopkeeper in Chennai, buys some goods for Rs. $5650$ from Calcutta and spends Rs. $350$ on his traveling and transportations of the goods purchased. If in Chennai, he is able to sell all these goods for Rs. $5700$; find the loss suffered by Jack and express it as percent.

• A. $4.3\%$
• B. $5.4\%$
• C. $5.3\%$
• D. $5.7\%$

Answer 1

The correct option is C $5.3\%$

Total C.P. of a goods $=$ Rs. $5650+$ Rs. $350=$ Rs. $6000$
Loss $=$ C.P. $-$ S.P.
$=6000-5700=$ Rs. $300$
Loss $\%=$ $\frac{\text{loss}}{\text{total C.P.}}\times 100$ $\%$
$=\frac{300}{5650}\times 100=5.3\%$