Multiple choice

What is profit or loss percent, if the selling price of an article is Rs. 800 and the cost price is Rs. 1000?

  1. 20%

  2. 22.5%

  3. 25%

  4. 30%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Loss = Cost Price - Selling Price = 1000 - 800 = 200. Loss percent = (Loss / Cost Price) * 100 = (200 / 1000) * 100 = 20%.

AI explanation

Using the loss percentage formula, ((Cost Price - Selling Price) / Cost Price) multiplied by 100, we substitute the given values. The loss is Rs. 1000 minus Rs. 800, which equals Rs. 200. Therefore, (200 / 1000) multiplied by 100 yields a 20% loss.

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