6 Views

Question : Rohit buys an old bat for Rs. 880 and spends Rs. 120 on its repair. If he sells it for Rs. 800, then what is the loss percentage?

Option 1: 25%

Option 2: 30%

Option 3: 10%

Option 4: 20%


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 20%


Solution : Given: Rohit buys an old bat for Rs. 880 and spends Rs. 120 on its repair, he sells it for Rs. 800
The total cost of the bat (CP) = (880 + 120) = Rs. 1000
Selling price (SP) = Rs. 800
So, the loss percentage = $\frac{\text{CP – SP}}{\text{CP}}×100$
= $\frac{1000-800}{1000}×100$
= 20%
Hence, the correct answer is 20%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books