Question

The cost price of an article is ₹ 900 and its selling price is ₹ 810. What is the loss/profit percent?

• A. Profit % = 10%
• B. Loss% = 10%
• C. Loss% = 90%
• D. No loss or no gain

Answer 1

The correct option is B Loss% = 10%

Given that C.P = ₹ 900 and S.P = ₹ 810.
Since C.P > S.P, a loss is incurred, which is calculated as:

Loss = C.P - S.P = ₹ 900 - ₹ 810 = ₹ 90

$\text{Loss}\%=\frac{\text{Loss}}{\text{C.P}}\times 100$
$=\frac{₹90}{₹900}\times 100=\frac{90}{9}\%=10\%$