Multiple choice

Julie bought a laptop for Rs. 26,000 and sold it for Rs. 25,480. What was her loss or gain percent?

  1. 3%

  2. 2%

  3. 20%

  4. 15%

  5. 25%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Loss = 26000 - 25480 = 520. Loss percent = (520 / 26000) * 100 = 2%.

AI explanation

Using the loss percentage formula, Loss Percentage equals (Cost Price minus Selling Price) divided by Cost Price multiplied by 100. Julie has a cost price of 26000 and a selling price of 25480. The loss is 26000 minus 25480, which is 520. The loss percentage is 520 divided by 26000 multiplied by 100, resulting in 2 percent.

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