Multiple choice

Aasifbhai bought a refrigerator at Rs 10,000. After sometime he sold it to his friend at Rs 9000, then how much percentage profit or loss does he make?

  1. 10% loss

  2. 10% profit

  3. 20% loss

  4. 30% loss
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Loss = 10000 - 9000 = 1000. Loss percentage = (1000 / 10000) * 100 = 10%.

AI explanation

Using the loss percentage formula, Loss Percentage equals (Loss divided by Cost Price) multiplied by 100. The loss amount is 10000 minus 9000, which equals Rs 1000. Calculating the percentage gives (1000 divided by 10000) multiplied by 100, resulting in a 10% loss.

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