Multiple choice

If a radio is purchased for Rs 490 & sold for Rs 465.50 , Find the loss percent.

  1. 5%

  2. 6%

  3. 7%

  4. 8%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Loss = 490 - 465.50 = 24.50. Loss percent = (24.50 / 490) * 100 = 5%.

AI explanation

The loss amount is the cost price minus the selling price, which is 490 - 465.50 = 24.50. The loss percentage formula is (Loss / Cost Price) x 100. Substituting the values gives (24.50 / 490) x 100 = 5%.

Keep practicing — related questions