Multiple choice

A merchant sold an article for Rs. 1200, which was bought by him for Rs. 1500. What is his loss percent?

  1. 50%

  2. 30%

  3. 20%

  4. 18%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Loss = Cost Price - Selling Price = 1500 - 1200 = 300. Loss percent = (Loss / Cost Price) * 100 = (300 / 1500) * 100 = 20%.

AI explanation

Using the loss percentage formula, Loss Percentage equals (Loss divided by Cost Price) multiplied by 100. The loss amount is the cost price of 1500 minus the selling price of 1200, which equals 300. Substituting these values into the formula gives (300 / 1500) multiplied by 100, resulting in a 20% loss.

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