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The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?

Correct answer: A. 18%

  • A. 18%
  • B. 9%
  • C. 15%
  • D. 6%Educational Resources

Explanation

The loss is Rs.1,500 - Rs.1,230 = Rs.270. Loss percent = Rs.270/Rs.1,500 x 100 = 18%. Students often choose c by using the loss as a percentage of the selling price rather than the cost price.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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