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Ali sold his old car for Rs. 43,000. He bought it for Rs. 50,000. What is his percentage loss?
  1. 12%
  2. 14%
  3. 16%
  4. None of these
Explanation

Loss = 50000 - 43000 = 7000

Loss % = (7000 / 50000) × 100 = 14%

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