Question : Rohit buys an old bat for Rs. 1280 and spends Rs. 120 on its repair. If he sells it for Rs. 1050, then what is the loss percentage?
Option 1: 40 percent
Option 2: 25 percent
Option 3: 20 percent
Option 4: 30 percent
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Correct Answer: 25 percent
Solution : The total cost of the bat including the repair = Rs. 1280 + Rs. 120 = Rs. 1400 If Rohit sells the bat for Rs. 1050, then his loss = Rs. 1400 – Rs. 1050 = Rs. 350 $\therefore$ The loss percentage = $\frac{\text{Loss}}{\text{ Total cost}}$ × 100 = $\frac{350}{1400}$ × 100 = 25% Hence, the correct answer is 25 percent.
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