Question
Download Solution PDFRavath had to sell vegetables worth Rs. 4,960 for Rs. 4,712 due to weather conditions. What is the loss percentage that he has incurred?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹4,960
Selling Price (SP) = ₹4,712
Formula used:
Loss Percentage = \(\frac{(CP - SP)}{CP} \times 100\)
Calculation:
Loss = ₹4,960 - ₹4,712
⇒ Loss = ₹248
Loss Percentage = \(\frac{248}{4960} \times 100\)
⇒ Loss Percentage = 5%
∴ The correct answer is option (4).
Last updated on May 28, 2025
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