Multiple choice

Micheal bought a TV for Rs. $2,400$ and sold for Rs. $1,200$. Find the loss percentage.

  1. $20$ $\%$
  2. $30$ $\%$
  3. $40$ $\%$
  4. $50$ $\%$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Loss = Cost Price - Selling Price = 2400 - 1200 = 1200. Loss percentage = (Loss / Cost Price) * 100 = (1200 / 2400) * 100 = 50%.

AI explanation

Using the loss percentage formula, subtract the selling price of 1200 rupees from the cost price of 2400 rupees to find a loss of 1200 rupees. Divide this 1200 rupee loss by the 2400 rupee cost price and multiply by 100, which gives 50%. The result is 50%.

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