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Question

Rohit bought a speaker for ₹ 1500 and sold it for ₹ 1450. His profit or loss percentage is .
  1. 6.66%
  2. 5%
  3. 3.33%
  4. 2%


Solution

The correct option is C 3.33%
Given that,
Cost price of speaker (C.P) = ₹ 1500
Selling price of speaker (S.P)= ₹ 1450
As, C.P > S.P, so it made loss.
Loss = CP - SP
= ₹ (1500 - 1450)
= ₹ 50 
LossC.P=Loss Percent100
501500 =Loss Percent100
% Loss = 3.33%

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