Question

Rohit bought a speaker for ₹ 1500 and sold it for ₹ 1450. His profit or loss percentage is .

• A. 6.66%
• B. 5%
• C. 3.33%
• D. 2%

Answer 1

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
$\therefore \frac{Loss}{C.P}=\frac{LossPercent}{100}$
$\frac{50}{1500}$ $=\frac{LossPercent}{100}$
% Loss = 3.33%