Multiple choice

A shirt price is $500$ rupees and sold it for $450$ rupees. Find the loss percentage.

  1. $10\%$
  2. $20\%$
  3. $30\%$
  4. $40\%$
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A Correct answer
Explanation

Loss = 500 - 450 = 50. Loss percentage = (Loss / Cost Price) * 100 = (50 / 500) * 100 = 10%.

AI explanation

Using the loss percentage formula, loss percentage equals ((cost price minus selling price) divided by cost price) multiplied by 100. The loss amount is 500 rupees minus 450 rupees, which equals 50 rupees. Substituting these values gives (50 divided by 500) multiplied by 100, resulting in a loss of 10 percent.

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