Multiple choice

An article is bought from Jaipur for Rs. $4,800$ and is sold in Delhi for Rs. $5,820$. If Rs. $1,200$ is spent on its transportation etc; find the loss or gain as percent.

  1. Gain = 3$\%$
  2. Loss = 3$\%$
  3. Loss = 5$\%$
  4. Gain = 5$\%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total Cost Price = 4800 + 1200 = 6000. Selling Price = 5820. Loss = 6000 - 5820 = 180. Loss % = (180 / 6000) * 100 = 3%.

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