Multiple choice

An article is bought for Rs.600 and sold for Rs.500, find the loss percent?

  1. 16 2/3%

  2. 16 4/3%

  3. 100/3%

  4. 16%
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A Correct answer
Explanation

Loss = 600 - 500 = 100. Loss percent = (Loss / CP) * 100 = (100 / 600) * 100 = 100/6 = 16.66% or 16 2/3%.

AI explanation

Using the loss percentage formula, the loss is calculated as the cost price minus the selling price, so 600 minus 500 equals a loss of Rs. 100. The loss percentage is (100 divided by 600) multiplied by 100, which simplifies to 16 2/3%.

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