Multiple choice

A shopkeeper buys a tin for $Rs. 50$ and sells it for $Rs. 46$. Find his loss or gain percentage?

  1. $4$% loss
  2. $8$% loss
  3. $4$% gain
  4. $8$% gain
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price = 50, Selling price = 46. Loss = 50 - 46 = 4. Loss percentage = (4 / 50) * 100 = 8%.

AI explanation

Using the loss percentage formula, (Loss / Cost Price) * 100, we first find the loss amount to be 50 - 46 = Rs. 4. Applying the values to the formula gives (4 / 50) * 100 = 8%, resulting in an 8% loss.

Keep practicing — related questions