Question : A vendor bought 12 oranges for Rs. 50 and sold them at 12 for Rs. 30. Find the loss percentage.
Option 1: 30%
Option 2: 25%
Option 3: 40%
Option 4: 45%
Answer (1)
23rd Jan, 2024
Correct Answer: 40%
Solution :
Given: A vendor bought 12 oranges for Rs. 50 and sold them at 12 for Rs. 30.
The cost price (CP) = Rs. 50
The selling price (SP) = Rs. 30
So, the loss percentage = $\frac{CP-SP}{CP}×100=\frac{50-30}{50}×100=\frac{20}{50}×100=40\%$
Hence, the correct answer is 40%.
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