Multiple choice

Nitin went to a market and purchased a showcase worth Rs. 800. He spent Rs. 70 on its packing and Rs. 40 on its decoration. After that, he sold it to Aman for Rs. 700. What will be his loss percentage?

  1. 21%

  2. 22%

  3. 23%

  4. 27%

  5. 30%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost = 800 + 70 + 40 = 910. Selling price = 700. Loss = 910 - 700 = 210. Loss % = (210/910) * 100 = 21/91 * 100 = 3/13 * 100 = 23.07%. Closest option is 23%.

AI explanation

Using the total cost price formula, the effective cost price is 800 + 70 + 40 = 910 rupees. The selling price is 700 rupees, making the loss 910 - 700 = 210 rupees. Applying the loss percentage formula, (210 / 910) * 100 = 23.07%, which gives a loss of 23%.

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