Question

Micheal bought a TV for Rs. $2,400$ and sold for Rs. $1,200$. Find the loss percentage.

• A. $20$ $\%$
• B. $30$ $\%$
• C. $40$ $\%$
• D. $50$ $\%$

Answer 1

The correct option is D $50$ $\%$

Given:
Cost of TV= C.P + $Rs.2400$
Selling price= S.P =$Rs.1200$
Loss percentage
=$\frac{C.P-S.P}{C.P}\times 100$
=$\frac{2400-1200}{2400}\times 100$
=$50$ %