Multiple choice

If apples are bought at Rs. $100$ each, and sold at Rs. $80$ each, what is the loss percentage?

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

Loss = CP - SP = 100 - 80 = 20. Loss percentage = (Loss / CP) * 100 = (20 / 100) * 100 = 20%.

AI explanation

Using the loss percentage formula, we calculate the difference between the cost price of 100 rupees and the selling price of 80 rupees to get a loss of 20 rupees. We then divide this loss by the cost price of 100 and multiply by 100, yielding exactly 20%. The result is 20%.

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