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Akash has to sell oil box worth Rs. 5750 for Rs. 4500 due to heavy rainfall. What is the loss percentage?1. 21.74%2. 23.47%3. 20%4. 23.45% |
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Answer» Correct Answer - Option 1 : 21.74% Given: The cost price of oil box is Rs. 5750 The selling price of oil box is Rs. 4500 Formula Used: Loss% = (CP – SP)/CP × 100 Calculation: Loss percentage = {(5750 – 4500)/5750 × 100} % = 21.74% ∴ Loss% is 21.74%. |
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