Ali spends Rs. 500 to get a shirt and sells it at Rs. 480. Find percentage of loss?
- 4%
- 12%
- 80%
- None of these
Explanation
The loss is Rs. 500 - Rs. 480 = Rs. 20.
Percentage loss = (Loss / Cost price) × 100 = (20 / 500) × 100 = 4%.
Related MCQs
- 10%
- 11.11%
- 12.5%
- 15%
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